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When the market realizes that Bitcoins available provide is even less than the mined coins in circulation and that it will never get to the entire source which can be mined, lack will drive the price much higher.As of premature 2018, this infographic by Nicholas Rapp of Fortune exemplifies the breakdown of the current Bitcoin supply and the article is a fantastic read featuring a new study of missing Bitcoins:According to new study from Chainalysis, an electronic forensics firm 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 reduced one.

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Therefore, 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 fees significantly lower. Once all of the technical challenges settled and the network entirely functional, Bitcoin cost will significantly benefit as Bitcoins intrinsic value will increase.Bitcoin Price Could Reach 50,000 USD in 2019 Based on the Price ChartBitcoin price has the potential to achieve 50,000 USD in 2019 But for it to happen from a cost perspective, 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 chart, these charts are great for cryptocurrencies in general since their moves are fast and the prices are volatile so that a log graph is the best to appreciate the movement and tune off volatility and noise.   TOP CRYPTOCURRENCIES TO BUY: Which top crypto hints are flashing a BUY signal now Which to prevent top notch guidance on how to play the grand bull market in crypto out of InvestingHaven's research team, only for $2 per week.  Crypto & Blockchain investing service >>.

The last month of 2018 has started and BTC is still on its downtrend. The main reason precisely what the crypto people are pointing out to is not getting a green light from the SEC regarding the BTC ETF. However, 2019 is what the crypto enthusiasts are looking forward to. Even NASDAQ, the second biggest 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 said that there is a probability that FUD(Fear, Uncertainty and Doubt) might loom over crypto space in 2019, where Barry Ritholtz predicted the prediction by experts wrong and absurd. Inspite of the also, analysts and enthusiasts kept their hopes . Mike Novogratz said expressly he believes there is going to be big adaption in 2019,2020 as he thinks there will be more participation from folks in the blockchain space.Now 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 the bitcoins can be converted into dollars on behalf of the tax office.

BlockTower Capital, the main force in the crypto realm made a wager on Bitcoin annually past 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's pulling it down however, the Recommended Reading distress cycle may 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 space with its blockchain technology and its lack. Bitcoin was made in 2009 by the pseudonym Satoshi Nakamoto, who could be an individual or a group of people. It functions on a peer to peer network, in which no intermediaries are involved.

It's gaining adoption and some people have begun using BTCs in real time, like buying a Lamborghini or even buying a mansion. It's easy in addition to advanced. Once you understand the technology behind it, you will definitely adopt the beauty of this 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.

Since the market is experiencing explosive conditions, we should back up the prediction with the market experts, who have been in the mind and heart of the cryptocurrency market.

John McAfee, the founder of the popular McAfee software and an 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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