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Bitcoin expected to reach $40 000 by 2018
News Analysis

Written by James McLauren, 27.11.2017

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The market capitalization of digital coins reached a record high of about $300 billion as of today. Although this is not a surprise as both Ethereum and Bitcoin have reached record high prices over the weekend experts still hold ambivalent feelings towards the new currencies.

As one can remember from early September JP Morgans CEO Jamie Dimon publicly spoke against Bitcoin claiming it to be a fraud and a mere bubble. However more and more investors are sharing their excitement for the infamous currency such as the Winklevoss twins Tim Draper and Michael Novogratz. The former hedge fund manager Novogratz announced today that Bitcoin could be at $40 000 at the end of 2018.

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