Bitcoin: Will Stunning Rally Sustain or Sour in 2018?

Bitcoin: Will Stunning Rally Sustain or Sour in 2018?

By Erik Norland, Senior Economist, CME Group

Highlights

  • Growth in bitcoin supply has slowed after first four years
  • The computational difficulty in mining bitcoin rises with prices
  • Transaction costs are rising, like before the 2010, 2013 price crash
  • Is bitcoin market mature enough to weather the spike in 2018?
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