Bitcoin is here to stay, 100%. Are you too late? Heck NO! Bitcoin will be the new Bank.

Bitcoin will hit $80.000 - $100.000 by the end of 2018. Let me tell you why.

In Q3- 2018 Bitcoin will implement the Lightning Network that will bring, among other changes, instantaneous and concurrent checks with transactions.

The problem is that for the past year, the average number of Bitcoin transactions per second has hovered around a mean of 3. This compares to Visa’s network, which can handle closer to 3,600 transactions per second.

And that’s not all. As the number of Bitcoin users increases, the transaction delays get even longer and the fees even higher.

The simple reason for these low transaction volumes is that Bitcoin’s block size is capped at 1MB. The Bitcoin community is torn about increasing the cap of the block, and there are arguments to both sides.

When Lightning becomes mainstream and is adopted by exchanges, Q3 2018, the Bitcoin price will skyrocket.

The technology behind the Lightning Network will improve upon the process by which Bitcoin transactions are validated. Currently, the process makes use of mining rigs, requiring that computers solve complicated math problems before the transactions can be recorded on the blockchain ledger. Because of the computing power required, a single transaction can take up to an hour to confirm.

With Lightning, however, this process would be significantly sped up. The Lightning Network would require that participants agree to transact on a separate, offline channel, and then the blockchain would update to reflect the external transaction.