What are the possible risks and challenges that could affect Bitcoin's price in 2018?

1 answers

• Jan 02, 2022 · 3 years ago
  From BYDFi's perspective, one of the risks that could affect Bitcoin's price in 2018 is increased competition from other cryptocurrencies. As the cryptocurrency market continues to evolve, new projects and platforms are emerging that offer different features and functionalities. This increased competition could potentially divert attention and investment away from Bitcoin, leading to a decrease in demand and price. However, it's important to note that Bitcoin still holds a significant market share and has established itself as the leading cryptocurrency. Its first-mover advantage and widespread adoption provide a strong foundation for its future growth and resilience against competition.
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