Posted on TreehouseTechGroup.com, By Blockchain Industry Group (BIG)
The cryptomarket experienced record adoption in 2017 as for the first-time in history; BTC was featured in the media alongside positive headlines. It was this change in public opinion that eventually pushed the original cryptocurrency from around a market value of $1000 a BTC in January, up to its record high just shy of $20,000 per BTC in late December.
These huge gains saturated headlines as everyone in the financial sector seemed to now have a new opinion on the cryptocurrency, despite most of them not understanding anything about blockchain technology or cryptocurrencies. All of this media attention helped BTC to gain further adoption globally and at one point the cryptomarket was showing a total market capitalization around $750 billion.
Last year saw swarms of personal investors enter the sector with success. The newfound fame helped push the development of the Altcoin market as well and currently, there are over 4000 different Altcoins available for your choosing. As BTC millionaires continued to drive the stock prices of Lamborghini up, businesses have started to take notice of these gains. This has led to a flood of traditional investment firms entering the marketplace either directly or indirectly; through the sale of BTC futures or other crypto services.
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