Experts Predict a Bright Future for Bitcoin and Other Cryptocurrencies

San Francisco, CA -- (SBWIRE) -- 04/25/2018 -- For the last few months, Bitcoin has experienced a downward spiral after reaching unprecedented levels at the end of 2017. It is estimated that the cryptocurrency lost more than 7000 percent of its value in a span of two months. However, the cryptocurrency is picking up again and traders as well as experts predict that we will see its value soaring. The experts predict that the value will rise if the current trend of increased transactions is maintained. In the past week, Bitcoin has seen its price rise with the highest recorded increase being $1000 in less than twenty-four hours. "The price of Bitcoin is set to increase but this will only happen if the number of transactions which are carried out in the network increase," said one of the experts, exuding confidence.