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Bitcoin: Will Stunning Rally Sustain or Sour in 2018?
By Erik Norland, Senior Economist, CME Group

Highlights

• Growth in bitcoin supply has slowed after first four years
• The computational difficulty in mining bitcoin rises with prices
• Transaction costs are rising, like before the 2010, 2013 price crash
• Is bitcoin market mature enough to weather the spike in 2018?

http://www.cmegroup.com/education/featured-reports/bitcoin-will-stunning-rally-sustain-or-sour-in-2018.html