Against the backdrop of the correction of the first crypto currency, media channels are again discussing the collapse of bitcoin 2018. Jordan Rochester, a Nomura forex analyst, concluded that digital currencies began to affect the material economic spheres and energy.
The collapse of bitcoin 2018: statistics of analysts
Two years ago, it was estimated that by 2020, the amount of electricity consumed by crypto currency will be consumed as the average European country, the size of Denmark, consumes. But already today, the Crypto currency has reached this limit.
The largest mining region of China is located on the territory of about 70% of crypto-farms. This can lead to a shortage of electricity in the country and even to economic collapse, believes Rochester.
The situation will continue to escalate, while the proof of work will be the prevailing method of mining.
The growing capitalization of crypto-currencies, approaching 700 billion dollars, already affects the market:
- manufacturers of computer chips AMD and Nvidia earn on demand, delighting shareholders with vertical take-off of securities;
- some companies use a simple chip – they conduct crypto-branding. Add to the term “block” or another of the world’s crypto currency, and their shares immediately grow in value.
The collapse of bitcoin 2018: the opinion of experts
Analysts for the comparison service of Power Compare from the UK conducted their calculations, confirming the early collapse of cryptology.
The specialists calculated that if the miners united in a single state, they would be on the 61st place of the world rating on resource consumption.
British statisticians believe that at current rates, by 2020, world electricity will suffice only for bitcoin mining.
Based on all the above calculations, analysts Nomura and Power Compare make the assumption:
- As the Asian region accounts for the lion’s share of bitcoin mining and about 50% of trade, the collapse of the crypto currency is likely to take place in Asia.
- And experts of investment group Wells Fargo Securities are afraid for the stock market. After all, in 2018, the emerging connection between bitcoin and securities will strengthen.
Christopher Harvey, the head of the Wells group, said bluntly in an interview with CNBC that the connection between funds and bitcoin in 2018 will be noticed by everyone, especially if the crypto currency crash occurs.
The collapse of bitcoin 2018: the dot-com time-2
Economists and analysts of the world of fiates, following the market of crypto-currencies, continue to assert that bitcoin is a bubble. The cost of the first digital currency is zero and in 2018 it will prove. Many financiers make attempts to predict the script for bitcoin in 2018. Some say that virtual currencies will not survive in 2018, and the crypto industry will fail.
- The first crypto currency will be ruined by a crisis of confidence on the part of non-professional investors and intermediaries, which will provide an uncomfortable atmosphere for all investors.
- Therefore, most will take money from bitcoin and other virtual coins in 2018, then the collapse and collapse of the entire crypto industry.
- Sad events are expected to develop in 2018 by the type of dotcoms – investors will go bankrupt, companies will be liquidated, only big players will remain in the game.
Of the most famous observers, cryptology was expressed by Buffett and Dimon. The billionaire still considers bitcoin a bubble, but adds that he does not understand this technology at all, although he does not doubt about its collapse.
Dimon, on the contrary, officially apologized for the harshness towards bitcoin, or, more precisely, for calling the crypto-currency fraud.