Bitcoin Price Prediction December 2017: A Look into the Future of Cryptocurrency

　　As we approach the end of 2017, the cryptocurrency market is experiencing a rollercoaster ride, with Bitcoin leading the pack. With its meteoric rise in value, many investors and enthusiasts are eager to predict the future of Bitcoin, especially in December 2017. In this article, we will delve into the various factors that could influence Bitcoin price prediction December 2017.

　　First and foremost, it is crucial to understand that predicting the future of Bitcoin is a challenging task. The cryptocurrency market is highly volatile, influenced by numerous external factors, including regulatory news, technological advancements, and market sentiment. However, by analyzing these factors, we can attempt to make an educated Bitcoin price prediction December 2017.

　　1. Regulatory News

　　One of the most significant factors that could impact Bitcoin price prediction December 2017 is regulatory news. Governments around the world are still grappling with how to regulate cryptocurrencies, and any major regulatory decision could send shockwaves through the market. For instance, if a major country were to ban Bitcoin, it could lead to a significant drop in its value. Conversely, if a country were to adopt Bitcoin as a legal tender, it could lead to a surge in its value.

　　2. Technological Advancements

　　Another critical factor in Bitcoin price prediction December 2017 is technological advancements. The cryptocurrency market is constantly evolving, with new technologies being developed to improve the efficiency and security of Bitcoin transactions. For instance, the development of the Lightning Network could significantly reduce transaction fees and increase the speed of Bitcoin transactions. If such advancements were to be successfully implemented, it could lead to an increase in Bitcoin's value.

　　3. Market Sentiment

　　Market sentiment is a crucial factor in Bitcoin price prediction December 2017. As with any investment, the value of Bitcoin is heavily influenced by investor confidence. If investors believe that Bitcoin is a viable long-term investment, they are more likely to buy and hold onto it, driving up its value. Conversely, if investors lose confidence in Bitcoin, they may sell off their holdings, leading to a drop in its value.

　　4. Economic Factors

　　Economic factors, such as inflation and currency devaluation, can also impact Bitcoin price prediction December 2017. As a decentralized currency, Bitcoin is often seen as a hedge against inflation and currency devaluation. If the global economy were to experience significant inflation or currency devaluation, it could lead to an increase in Bitcoin's value as investors seek a safe haven.

　　In conclusion, predicting the future of Bitcoin, particularly in December 2017, is a complex task. However, by analyzing regulatory news, technological advancements, market sentiment, and economic factors, we can attempt to make an educated Bitcoin price prediction December 2017. While it is impossible to predict the exact value of Bitcoin in December 2017, it is clear that the cryptocurrency market is here to stay, and its future remains uncertain but exciting.

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