Bitcoin may be the Crypto Loser of 2018

2018 has not been kind to Bitcoin. After major regulatory changes in South Korea, two pieces of news have impacted the long-term future viability of the Bitcoin bubble recently.

I’ll get straight to the point.

Stripe will stop Bitcoin support in 2018

One of the key payment processing of the future, Stripe, will stop supporting Bitcoin and will migrate to Stellar, Litecoin and possibly, Bitcoin cash.

Stripe said that customers aren’t using bitcoin as a method of payment as often anymore. By April 23rd the company will end support for Bitcoin.

This means the idea that Bitcoin will become more than a crypto asset or the “digital gold” of the new web, is becoming increasingly unlikely.

Cryptocurrency Ratings by Weiss Gives Bitcoin just a C+

Confidence in Bitcoin was further damaged recently when Weiss, which began in 1971, is one of the US’s leading independent rating agency of financial institutions, released its first cryptocurrency ratings where Ethereum, EOS, Cardano and NEO all got top marks ahead of Bitcoin.

Bitcoin has been in the grip of the bear hovering around $11,000, since losing nearly 50% of its value in the last month.

The entire cryptocurrency market prices have been very tethered to Bitcoin; yet the announcement that Coinbase hit it big in 2017, shows that cryptocurrency exchanges are just getting started. Now it seems investing app for millennials, Robinhood, will be adding cryptocurrencies and Bitcoin trading without fees.

While many crypto pundits believe Bitcoin will reach as high as $50,000 as a crypto asset in 2018, we have to admit that Bitcoin is not the cryptocurrency of the future, nor the blockchain platform of the future and therefore long-term will likely go extinct.

Correct me if I’m wrong?