The future of Bitcoin will largely depend on which use case it becomes used more frequently. There seem to be two major examples of use cases for Bitcoin. One is of a medium of exchange and one is of a store of value. One of the biggest use cases that Bitcoin has is as a store of value.
Should the price of bitcoin increase or fall?
Not only would this mean that people start to trust Bitcoin more, but it could also allow large financial institutions to start investing. Ultimately, if this is the case, the price of Bitcoin should increase.
What happened to bitcoin in 2017?
This attracts more people to learn about Bitcoin and the price continues to rise as they too see the value in holding some of their savings in the currency. During 2017, this steady growth kicked into high gear. A few favorable news events had Bitcoin making headlines once again.
Is Bakkt a step forward for bitcoin futures trading?
Several platforms are already offering futures trading for the legacy cryptocurrency, and the launch of Bakkt is seen as a significant step forward for Bitcoin futures trading among institutional investors.
