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When the economy realizes that Bitcoins readily available supply is even less than the mined coins in circulation and it will never get to the total source which can be mined, lack will drive the cost much higher.As of early 2018, this infographic from Nicholas Rapp of Fortune exemplifies the breakdown of the current Bitcoin source and the article 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 gone for good based on a high estimateand 2.78 million based on a reduced one.
Note that the graph below is a log chart, these graphs are great for cryptocurrencies in general because their moves are fast and the prices are volatile so a log graph is the very best to value 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 the best way best to play with 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 what the crypto folks are pointing out to is not getting a green light in the SEC regarding the BTC ETF. However, 2019 is what the crypto enthusiasts are looking ahead. Even NASDAQ, the second biggest 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 probability 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 the also, analysts and enthusiasts maintained their hopes . Mike Novogratz said explicitly he believes there is going to be large adaption in 2019,2020 as he thinks there'll be participation from people 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 taxation office.
BlockTower Capital, the main force in the crypto realm made a bet on Bitcoin annually ago recently made a bullish statement on Bitcoin's cost. Michael Bucella, a partner at BlockTower mentioned that 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 quite soon as the institutional players have expressed their ardent interest in purchasing cryptocurrencies. . additional info
It is gaining adoption and some people have started using BTCs in real time, like buying a Lamborghini or buying a mansion. It's easy as well as advanced. Once you understand the technology behind it, you will definitely embrace the beauty of this 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 purchase price forecast of Bitcoin.
Since the market is experiencing explosive conditions, we must back up the prediction with the market specialists, who have been in the mind and heart of their 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.