Swiss Analysts Predict Bitcoin Collapse by December
April 5, 2018
Some analysts from Switzerland are convinced that by Metcalfe’s law Bitcoin’s rate will drop by approximately 33% by December this year.
Due to slow-down of active user growth in the industry and of Bitcoin in particular, total market cap of the currency will start to sink. This in fact has already begun and the index it to make less than 80 bln dollars by the end of the year.
It is to note that having studied Bitcoin the researchers have found a number of triggers that may make the product a would-be bubble. For instance, these include some states announcing to close crypto exchanges. Suchlike cases affect heavily the rate and market capitalization of the cryptocurrency. Analysts call for investors to monitor the market situation and take rational actions.