Across the board, 2017 was a banner year for cryptocurrency.
Bitcoin achieved mainstream respect as a viable alternative investment, and its price shot up accordingly. However, the unprecedented growth of Bitcoin has caused some people to believe that all of the upside is gone.
Nothing could be further from the truth. Crypto is now just coming into its value, not creating a bubble around itself. Here are just a few of the reasons that crypto is still very attractive to some huge investors, even changing the mind of JPMorgan head Jamie Dimon.
Currencies Make Money After Mainstream Acceptance
If there was no more upside to Bitcoin and other altcoins, then there would be no more upside to any currency on the Forex market as well. First World currencies that have achieved their average value, even relative to other world currencies, still leave savvy investors plenty of room to make money. Trading arbitrage, percentages against other currencies and the natural fluctuations of a single currency may all lead to great returns.