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When the market realizes that Bitcoins readily available supply is even less than the mined coins in circulation and that it will never get to the total supply that 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 the guide is a fantastic read featuring a new study of missing Bitcoins:According to new research from Chainalysis, an electronic forensics firm that studies the bitcoin blockchain, 3.79 million bitcoins are gone for great based on a top estimateand 2.78 million based on a reduced one.

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Therefore, this variable will play a positive role for the longer term.Factor # 3 Lightening NetworkBitcoins lightening network, though advancing, is still in Beta. More and more nodes are now running Bitcoins lightening network to create Bitcoin transactions faster and the fees significantly lower. Once all the technical challenges settled and the network entirely functional, Bitcoin price will significantly benefit as Bitcoins intrinsic worth will increase.Bitcoin Price Could Reach 50,000 USD in 2019 Based on the purchase price ChartBitcoin cost has the potential to achieve 50,000 USD in 2019 But for that to happen in a price standpoint, we need to see the following:Bitcoin cost 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 graphs are great for cryptocurrencies in general since their moves are fast and the Rates are volatile so a log graph is the best to appreciate the movement and tune off volatility and noise.   TOP CRYPTOCURRENCIES TO BUY: What top crypto tips are flashing a BUY signal now Which to prevent Top notch guidance on the best way 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 last month of 2018 has begun and BTC is still 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 what the crypto enthusiasts are looking forward to. 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 said that there is a probability that FUD(Fear, Uncertainty and Doubt) might loom over crypto distance in 2019, in which Barry Ritholtz predicted the prediction from experts wrong and absurd. Inspite of the too, analysts and enthusiasts maintained their hopes . Mike Novogratz said expressly he thinks there is going to be big adaption in 2019,2020 as he thinks there will be participation from folks 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 taxation office.

BlockTower Capital, the main force in the crypto realm made a bet on Bitcoin a year 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 might be the current scenario that's pulling it down but the distress cycle may come to an end very soon as the institutional players have expressed 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 created in 2009 by the pseudonym Satoshi Nakamoto, that could be an individual or a group of people. It works on a peer to peer network, in which no intermediaries are involved.

It is gaining adoption and a number of people have begun using BTCs in real time, such as buying a Lamborghini or buying a mansion. It's simple in addition to advanced. Once you understand the visit 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.

Since the market is experiencing explosive conditions, we should find out here now back up the prediction with the marketplace specialists, who have been the mind and center of the cryptocurrency market.

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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