5 FinTech Predictions for 2018 Safwan Zaheer, Director-Financial Services Digital & Head of FinTech, KPMG US
Bitcoin Value will Trend Upwards
Bitcoin value will continue to rise in 2018. The reason may simply lie behind its demand and supply:
As long as,
Bitcoin DEMAND > Bitcoin Supply, price of Bitcoin will continue to rise!
The irrational frenzy and market activity will continue to reinforce demand for Bitcoin in 2018, which will in turn drive higher price of Bitcoin. And since the supply of bitcoin is limited, currently at ~16.5M with maximum of 21M, the upward trend will hold, with some minor market adjustments. The only exception could be a major market event, such as a hack on a large bitcoin exchange, in markets such as US or Japan, which may crash Bitcoin’s value and return it to its nominal market value.