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When the market realizes that Bitcoins available provide is even less than the mined coins in circulation and it will never reach the entire supply which can be mined, scarcity will drive the cost much higher.As of early 2018, this infographic from Nicholas Rapp of Fortune illustrates the breakdown of the current Bitcoin supply and also the guide is a good read featuring a new study of lost Bitcoins:According to new study from Chainalysis, a digital forensics company that studies the bitcoin blockchain, 3.79 million bitcoins are already gone for great based on a high estimateand 2.78 million based on a low one.

 

 

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Thus, this factor will play a positive role for the longer term.Factor # 3 Lightening NetworkBitcoins lightening network, although advancing, is still in Beta. More and more nodes are now running Bitcoins lightening network to make Bitcoin transactions quicker and the prices significantly lower. Once all of the technical challenges depended and the network fully functional, Bitcoin price will significantly benefit as Bitcoins intrinsic value will increase.Bitcoin Price Could Reach 50,000 USD in 2019 Based on the purchase price ChartBitcoin price has the potential to reach 50,000 USD in 2019 But for that to happen in a price standpoint, we need to see the following:Bitcoin price must Cross Above 8500 USD and quicklyBitcoin should remain above the 5000 to 5500 USD support.

Note that the chart below is a log chart, these charts are Fantastic for cryptocurrencies in general since their moves are fast and the Rates are volatile so a log chart is the best to appreciate the movement and tune off volatility and noise.   TOP CRYPTOCURRENCIES TO BUY: Which top crypto tips are flashing a BUY signal now Which to avoid Top notch guidance on how to play with the grand bull market in crypto from InvestingHaven's research group, only for $2 per week.  Crypto & Blockchain investing service >>.

The previous month of 2018 has started and BTC remains on its downtrend. The main reason precisely what the crypto folks are pointing out to is not getting a green light from the SEC regarding the BTC ETF. However, 2019 is exactly what the crypto enthusiasts are looking ahead. Even NASDAQ, the second largest stock exchange in the world has also vowed to launch Bitcoin futures in the first half of 2019.

 

 

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One of Bloomberg's column stated that there is a possibility that FUD(Fear, Uncertainty and Doubt) might loom over crypto distance in 2019, where Barry Ritholtz called the prediction by experts wrong and absurd. Inspite of that also, analysts and enthusiasts kept their hopes . Mike Novogratz said expressly he thinks there is going to be large adaption in 2019,2020 because he thinks there will be more participation from people in the blockchain space.Now that the state government of Ohio has announced that it is going to accept tax payments in BTC wherein the government has partnered with Bitpay to make this happen conveniently so that the bitcoins can be converted into dollars on behalf of their tax office.

BlockTower Capital, the main force in the crypto kingdom made a wager on Bitcoin a year ago recently made a bullish statement on Bitcoin's price. Michael Bucella, a partner at BlockTower mentioned the recent dry spell running in crypto space and volatility might be the current scenario that is pulling it down however, the distress cycle might come to an end very soon as the institutional players have voiced their ardent interest in purchasing cryptocurrencies. .

 

 

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Bitcoin is the most popular cryptocurrency, dominating the crypto area with its blockchain technology and its scarcity. Bitcoin was created in 2009 by the pseudonym Satoshi Nakamoto, that could be an individual or a group of individuals. It works on a peer to peer network, where no intermediaries are involved.

It's gaining adoption and a number of people have started using BTCs in real time, like buying a Lamborghini or even buying a mansion. It is easy as well as advanced. Once you understand the technology behind it, you will definitely embrace the beauty of the digital currency.

 

 

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Bitcoin prices are fluctuating. It's trading at $3909.89 from its all time of $20000. The ever-fluctuating Bitcoin made many involved in the price prediction of Bitcoin.

As the market is experiencing volatile conditions, we must back up the prediction with the marketplace experts, who have been in the mind and center of their cryptocurrency market.

John McAfee, the founder of the popular McAfee software and an try this website ardent Bitcoin follower predicted that Bitcoin will hit $1 million by 2020 following past years prediction of $7000 that was nicely surpassed.

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