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When the market realizes that Bitcoins readily available supply is even less than the mined coins in circulation and it will never reach the entire source 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 fantastic read featuring a new study of missing Bitcoins:According to new research from Chainalysis, an electronic 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 the technical challenges depended and the network entirely functional, Bitcoin cost will significantly benefit as Bitcoins intrinsic value will increase.Bitcoin Price May Reach 50,000 USD in 2019 Based on the Price ChartBitcoin cost has the potential to achieve 50,000 USD in 2019 But for it to happen from a price standpoint, we need to see the following:Bitcoin price has to Cross Above 8500 USD and quicklyBitcoin should remain above the 5000 to 5500 USD support.

Note that the graph below is a log graph, these graphs are great for cryptocurrencies in general because their movements are fast and the Rates are volatile so that a log chart is the best to value the movement and tune off volatility and noise.   TOP CRYPTOCURRENCIES TO BUY: What top crypto hints are flashing a BUY signal now Which to prevent Top notch guidance on how best to play the grand bull market in crypto out of InvestingHaven's research team, 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 what the crypto people 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 forward to. Even NASDAQ, the second largest click this link stock exchange in the world has also pledged to launch Bitcoin futures in the first half of 2019.

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

BlockTower Capital, the main force in the crypto realm made a wager on Bitcoin annually ago recently made a bullish statement on Bitcoin's cost. Michael Bucella, a partner at BlockTower mentioned the recent dry spell running in crypto space and volatility may be the current scenario that's pulling it down however, the distress cycle may come to an end quite 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 space with its blockchain technology and its scarcity. Bitcoin was made in 2009 by the pseudonym Satoshi Nakamoto, who could be an individual or a group of individuals. It works on a peer to peer network, in which no intermediaries are involved.

It is gaining adoption and a number of people have started using BTCs in real time, like buying a Lamborghini or buying a mansion. It is simple 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 is 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 should back up the prediction with the market specialists, who've been in the mind and heart of their cryptocurrency marketplace.

John McAfee, the founder of the popular McAfee software and an ardent Bitcoin follower predicted that Bitcoin will strike $1 million by 2020 following last years prediction of $7000 that was well surpassed.

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