Bitcoin after the pre-Christmas dips is now coming back to show the surge before the end of the year. Earlier on 27th December Bitcoin reached $16,500 the highest of last 3 days.
Bitcoin is finally landed on $16,000 with market cap of $270B
McAfee wrote on twitter
As I predicted, Bitcoin is rebounding and rapidly climbing after Christmas. It is still, by far, the best long term crypto investment, and I firmly stand by my prediction of $1 million by the end of 2020. pic.twitter.com/FaaSIuUS7i
— John McAfee (@officialmcafee) December 26, 2017
He believes that bitcoin will end up to 1million by the end of the year 2020.
Bitcoin this year made the history of the surging to the highest and the observational dips by the end of the year. Though it seems to be recovering back and is expected to cross the $20,000 checkpoint by the end of the year.
Investing and holding for a long time might be very beneficial as the new year 2018 was expected to be more to come in this bitcoin thing.
2018 For Bitcoin
With the continuous surging of price making the blockchain difficult to work, the consequence of this is the high transaction fee. An average of $3-$5 was paid for each transaction to be done.
The upcoming year was expected for the more crypto solution with the hard forks and increasing of the block size for better stability of bitcoin and other upcoming altcoins.
The goal is for the low transaction fee below $1 is preferential.