Bitcoin was red on the market in the first 5 months of this year. After such an unexpected start of the year, it started to be on top again. Bitcoin didn’t catch the same value as the end of the last year. But the price is  recovering in a spectacular way. In the last months, Bitcoin rose more than 50%, then soaring under $10,000. Experts believe that Bitcoin will reach the price of $15,000 by the end of 2018.

The crypto market has developed a lot in the last year. This development had its own negative facts, also. The rise of Bitcoin got furious the banks and they started to ban the crypto exchanges. Slowly, it replaced the traditional financial assets and the Government of the most countries made restrictions regarding the use of cryptocurrencies. The market allowed investors that have a bad conception about cryptocurrencies to enter the market.

Bitcoin will hit $15,000 ?

Even the Government and the banks didn’t accept very well the concept of Bitcoin, its price recovered in a mysterious way and fought a bit against all these regulations. Goldman Sachs, for example, decided in the end to embrace the idea of crypto exchanges and to integrate in the market.

This introduction of Goldman Sachs in the trading space changed the negative vision of the banks. This was the first step of including cryptocurrencies in the traditional financial space. Cryptocurrency exchanges must register with financial regulators. The investors grew their confidence to see the crypto industry more stable and have a positive vision about this.

The trading desk will begin soon to be running and in the future Goldman Sachs will offer derivatives related to cryptocurrencies. They will sell and buy cryptocurrencies on the clients after receiving the approval. Goldman Sachs hope to enclose other banks to show interest in cryptocurrencies. Another positive factor is that Intercontinental Exchange is working on a new trading platform. That will allow institutional investors to buy and hold cryptocurrencies.

How are these positive developments helping Bitcoin’s price?  It is for these reasons that experts are predicting that Bitcoin will hit highs of $15,000 before the year is out.