- The number of Bitcoin transactions is rising rapidly.
- The number of wallets, and likely, the number of people jumping into the Bitcoin and cryptocurrency world continues to rise.
- The daily trading volume of only Bitcoin continues to increase with wild swings.
- Continued volatility in the price of Bitcoin is making it, and in turn, other cryptocurrencies very attractive to traders and speculators.
I expect volatility to moderate a bit in the short term but I also expect more and more traders, investors and technically savvy users jumping into the cryptocurrency world, mostly because of curiosity but also because other high-yield assets have already been widely invested in and the hunt for yield in a near zero interest rate world continues.The whole ICO market is fascinating, if not highly speculative, and also offers another path to long-term yield. I expect this to add to the volatility and, hence, the increased speculation in the base cryptocurrencies. There aren't many places that a company can raise $35 million for their company in less than a minute. Come to think of it, I can't think of any place one can do that.