Correctly predicting the Bitcoin price is a tall order. Even as the price of one bitcoin soared above $10,000 in 2017 last year, it raged a debate over what, exactly, Bitcoin is: A digital store of value, a revolutionary payment platform, or the promise of a completely new, blockchain-based financial system.
For people, it has a different meaning and so were the price predictions.
Bitcoin price increased tenfold in 2017 and moved into the media mainstream. But for all the headlines and Bitcoin billionaires, the underlying technology mostly stood still. With the technology being same what could be the factors that can take the Bitcoin to the new high.