What do you think a about it? is it good or bad for bitcoin?
That is good for bitcoin it only means that the demand will be getting higher and bigger meaning the value of bitcoin will rise and rise and rise that is more profitable for most of the investors.
More and more investors are aware of the crypto market, especially bitcoin. Increased volume of bitcoin each day has shown the attractiveness of bitcoin at this time. I anticipate that with the current trend bitcoin will have new breakthroughs in value, the figure of $ 100,000 in 2018 is entirely achievable for bitcoin.
The number of people investing in bitcoin is increasing every day, this tells us the increased community is a good thing with bitcoin, it makes Bitcoin attract more attention of many people and brings a new source of money into the market to help the bitcoin grow. However, this also has some bad issues for bitcoin, the community increased, Bitcoin becomes more popular, the value will increase dramatically and the number of people buying Bitcoin will decrease because the price of Bitcoin too expensive and it has risks, they do not have enough money to buy and also can not accept big risks, and the government wants to benefit from bitcoin, they will also cause difficulties in using Bitcoin