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The price of Bitcoin has dropped 46.61% so far in 2018, but Money Morning Defense and Tech Specialist Michael Robinson projects big things are about to happen for Bitcoin.
His Bitcoin price prediction projects prices could soar a whopping 1,227%, jumping from $7,534.22 to $100,000 per coin.
You see, it's still early in the crypto revolution, and now is not the time to jump ship.
It could be the time to double down...
The Bitcoin Revolution Is Just Getting Started
Bitcoin was created in early 2009 by Satoshi Nakamoto, which means Bitcoin has been around for less than a decade.
But in its short existence, it's already had a huge impact...
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Inspired by Bitcoin, there are now more than 1,600 cryptocurrencies trading on CoinMarketCap.com, with a total market capitalization of $335 billion.
Banks are getting nervous about crypto dethroning the dollar, with 10-K filings from Goldman Sachs Group Inc. (NYSE: GS), Bank of America Corp. (NYSE: BAC), and JPMorgan Chase & Co. (NYSE: JPM) all mentioning cryptocurrencies as business threats.
Financial platforms like Square Inc. (NYSE: SQ) and Robinhood are in a competition to add crypto-buying options to their platforms.
The Winklevoss twins - of Facebook.com Inc. (Nasdaq: FB) fame - want to launch a Bitcoin ETF. If it is approved, retail investors would have a convenient way to enter the crypto market.
It's true the crypto coin space is getting crowded, but Bitcoin still has the best name recognition and is one of the easiest to buy.
It's going to be the coin all new crypto investors are likely to own first.
And remember, we haven't even hit a decade of Bitcoin being in existence.
Just imagine what could happen in the next 10 years...
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