Bitcoin, the most valuable cryptocurrency in the world currently, is waiting for its next bull run. The crypto market this year has been largely stagnant, and even other cryptocurrencies like ethereum, litecoin, xrp and more are nowhere near to what they were in December 2017.
Bitcoin is also the most popular digital coin and is usually under scrutiny with some, implying that it supports criminals because of its system of operation and no involvement of a third party.
Still, bitcoin has a long list of shareholders; the miners, investors, bitcoin users, politicians, developers, sales merchants, businesses and even banks. Everyone wants a piece of what bitcoin has to offer and many see its potential.
More people are getting involved in the mining process to obtain new coins. This, in its core, is one of the reasons why bitcoin is so successful, and what makes it stand out on the many lists of cryptocurrencies out there.
More than 17 million BTC in circulation already and less than 4 million BTC will be created by the year 2140, which is said to be when the last new bitcoin will be mined. There are more people who are looking at Bitcoin adoption than ever. Did you know for instance, that getting cryptocurrency using PayPal would even be possible?
Cryptocurrency experts have made a lot of predictions as to what 2019 and beyond will be like in the world of cryptocurrency and the expected changes that will happen.
- Bitcoin is Predicted to Rise in Value
Many predict the continuous increase in bitcoin value. Some say the bitcoin surge was just the beginning of great things. One of the many advantages of bitcoin is its international functionality. It should be noted that some countries have embraced bitcoin, some are still observing and have not yet passed any legislation on its legality, and some countries have placed heavy taxes that are discouraging. Other countries have outrightly banned its use in their country, making it illegal.
- A New Trajectory for Bitcoin
However, things didn’t exactly go as planned. Bitcoin took a plunge from its $20,000 high to $7,000 by January 2018. The price of cryptocurrencies was said to have been hit by a bearish movement. It came as a shock because not a lot of people expected it to happen.
Reason being that, due to the impressive surge in the value of bitcoin towards the end of the year 2017, a lot of new investors decided to take a leap of faith and invest in the mysterious but extremely valuable cryptocurrency, thanks to its endorsement from some renowned public figures including cryptocurrency experts and government investors.
Although it experienced some surges, hardly anything was significant. The volatility of it all turned some bitcoin enthusiasts sober, and investors in limbo as to whether or not to trade their assets.
- New Improvements in the Making
However, improvements have been occurring and bitcoin and cryptocurrencies, in general, have started demonstrating promising signs of recovery. It is only a matter of time before the price experiences its next major surge.
As it stands, Bitcoin updates for 2019 look really promising. In fact, the future looks good for BTC and the digital coin market as a whole. Various experts have given their predictions for bitcoin for 2019 and most of these experts believe that BTC will reach a new peak. Even though 2018 has been intense and full of sentiments towards bitcoin by a wide range of people, considering it has become mainstream.
- More Volatility
From its unexpected growth to its rapid decline, the volatility of the currency has been a source of worry to some. Encouraging reports have been made about the steady hold it had in the past months. Bitcoin always finds a way to bounce back. Upcoming events have been slated for the remaining part of this year and 2019 to further promote this currency and bag more investors.
BTC has quite a number of extremely wealthy investors and an active stakeholder community. So there is always some form of news on bitcoin for new investors who need more information on the most valuable digital coin to invest in.
- More Legislation
Even though Bitcoin has been banned in certain countries because the government considers it to be a threat to national security, there is also the possibility of more countries accepting the use of bitcoin and even using it as an acceptable form of payment for services and products.This will further integrate the use of bitcoin, and increase its use in a standard society. We can say all we want now and make our predictions, but we will have to wait and see whether or not the many predictions made regarding bitcoin for 2019 hold true.