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Here Is Why Bitcoin Could Double, Or Triple By The End Of This Year

Bitcoin has been on a wild roller-coaster ride over the past few months.

After dropping by 75% from recent highs, Bitcoin nearly doubled, is now trading sideways, and has many market participants asking what's next.

Proposed regulation in South Korea looks to make Bitcoin a legal asset in the country, one of Bitcoin's largest and most controversial markets.

Approval of Bitcoin ETFs in the U.S. in the second half of this year could enable Bitcoin to transition into a trillion dollar asset.

Favorable regulation, substantial improvements in functional properties, increased institutional interest, and significantly higher investor and consumer confidence should propel Bitcoin's price much higher into year's end.  

Bitcoin: Likely To Double, Possibly Triple Relatively Soon
Bitcoin (COIN) has been on a wild roller-coaster ride over the past year. The price skyrocketed by nearly 2,000% throughout 2017 from under $1,000 to almost $20,000. Then, when it became evident that Bitcoin mania was an unsustainable phenomenon, the price dropped sharply, and Bitcoin deflated all the way down below $6K. From then, Bitcoin's price recovered by nearly 100%, but fell short of breaking through major resistance at $12K, and at the time of writing this article, Bitcoin is relatively steady, trading at around $9,500.

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