Latest Bitcoin news:
Bespoke Investment Group software engineer Dan Ciotoli believes the cryptocurrency's price could nearly triple by the end of the year depending on the success of Lightning Network, a technological advancement which will make transactions faster and cheaper. Speaking to CNBC's Futures Now, Mr Ciotoli said: "There was a big run-up in December, and then we kind of saw these get-rich-quick-investors exiting the space. Everyone rushed in at once. So, the inevitable crash happened. Now it's starting to recover. We saw a bottom around $9,000. The driver I think is going to bring bitcoin up in 2018 is bitcoin denominated commerce". The year-end forecast places bitcoin prices in the USD20,000 to USD30,000 range.
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