Crypto Currency

Bitcoin has been on a wild ride since 2017, first a 2,500% gain, then a 70% decline, but Bitcoin still stands tall, higher by 700% over the past year alone.

•Despite the numerous transient negative developments, most fundamental factors surrounding Bitcoin remain strong.

•Some of Bitcoin's transactional shortcomings are likely to be largely alleviated by the introduction of the Lightning Network later this year.

•A technical image suggests Bitcoin may have reached a bottom in recent days, as a massive wave of panic selling collided with a surge of buying interest below $6,000.

•The Bottom Line: Bitcoin is likely going significantly higher throughout the rest of 2018

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