Now we at Classiarius have reported on a long list of news items and firms that have built out teams and invested in the possibility of the wide use of digital coins in the future. Although Bitcoin has suffered throughout 2018 with prices falling from near $20,000 to lows approaching $3,000 in November and December of 2018. The final months of 2018 exacted pain on many individual investors and forced the capitulation selling of coins.
Still, with the number of ATMs doubling in 2018 to 4,051 from 2,025 in 2017, there is clearly a movement to adopt this new coin for commercial use. The key question is not only Bitcoin but the wide use of digital assets that the new generation of college grads feels comfortable using. Bitcoin of America introduced 16 new ATMs followed by CoinFlip and Localcoin….installing about the same number of ATMs.
Of course, the wave of institutional investor interest has increased in 2018 with many banks and other institutions building out infrastructure that would support a series of digital assets if they are in fact adopted by more institutions in the future. More on this topic in the future.
We at Classiarius see a Bitcoin trending higher in the coming weeks and months, perhaps seeing a proper rally in 2018.