Bitcoin, the most valuable and decentralized cryptocurrency with a market capitalization of 270 billion dollars, was named Based on search results and volume, Bitcoin surpassed Trumpcare, ICO, Blockchain and FAANG to become the most searched and popular keyword on Investopedia, the most widely used online dictionary

Emphasizing the massive growth rate of Bitcoin in terms of price, market capitalization, user base, user activity and developer activity, the team Investopedia wrote:

"$ 8,000! $ 11,000! $ 20,000?! 2017 has been the year of Bitcoin craze. Cryptocurrency has begun the year." year to $ 1,000 and since then has grown by more than 1,500 percent. Since Bitcoin is a bubble, its aggressive growth has dominated media minds and the financial services sector. 2017 saw the first bitcoin billionaires as well as the introduction of Bitcoin futures. With only 1,000 users holding more than 40% of the currency, according to some reports, investors are watching closely whether the price will go down or continue to recover. "

While Bitcoin fell behind Ripple, Litecoin and Ethereum by the profitability of investments and price growth in 2017, it was the only cryptocurrency adopted by major financial institutions and suppliers of services in the traditional finance sector

including the world's largest investment bank JPMorgan, Goldman Sachs, the largest stock market options in the global market, the Chicago Board Options Exchange ( Cboe), the CME Group, the Nasdaq, the New York Stock Exchange (NYSE) and Cantor Fitzgerald either integrated Bitcoin into their existing infrastructures or announced support for cryptocurrency

Adoption by leading financial companies plan

Goldman Sachs' CEO, Lloyd Blankfein, in particular, had noted that the fiat was the successor to the now-abolished gold standard, Bitcoin could become the next international standard for money. Blankfein explained that the fiat money system was initially rejected by the public because of its lack of basic value. A five dollar bill was worth five dollars because the government claimed it was not because it represented five dollars worth of gold

"You are moving a little further and you get Bitcoin that is not a fiat money, do not trust it and I do not like it.On the other hand, if it works, I would say it was perhaps a natural progression from hard money to digital money, "said Blankfein, more than 15 times in 2017, from less than $ 900 to $ 15,700.

<img alt=" BTC "src =" https://cointelegraph.com/storage/uploads/view/5c14c8f9ba6f8b318be9581363eb27d0.png "title =" BTC "/>

Given the dramatic rise in the value of Bitcoin , JPMorgan and its global strategist Nikolaos Panigirtzoglou noted that Bitcoin was becoming a major asset class, challenging the gold to become the first Panigirtzoglou added q the increase in liquidity and the introduction of regulated investment instruments such as futures and ETFs will lead to the rapid adoption of Bitcoin in the long run. Bitcoin futures has the potential to elevate cryptocurrencies to an emerging asset class. The value of this new class of assets is a function of the extent of its acceptance as a store of wealth and as a means of payment and simply judging by other wealth stores such as l & rsquo; Gold, cryptocurrencies have the potential to grow from here.