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When the economy realizes that Bitcoins available supply is even less than the mined coins in circulation and that it will never reach the total source that can be mined, scarcity will drive the price much higher.As of early 2018, this infographic from Nicholas Rapp of Fortune exemplifies the breakdown of the current Bitcoin supply and also 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 great based on a top estimateand 2.78 million based on a reduced one.
Note that the graph below is a log graph, these charts are great for cryptocurrencies in general since their movements are fast and the prices are volatile so a log chart is the very best to value the movement and tune off volatility and noise.  TOP CRYPTOCURRENCIES TO BUY: What best crypto hints are flashing a BUY signal now Which to prevent Top notch guidance on the best way to play with the grand bull market in crypto from InvestingHaven's research group, only for $2 per week. Crypto & Blockchain investing service >.
The previous month of 2018 has begun and BTC remains on its downtrend. The main reason precisely what the crypto people are pointing out to is not getting a green light in the SEC regarding the BTC ETF. But, 2019 is what the crypto enthusiasts are looking forward to. 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 possibility that FUD(Fear, Uncertainty and Doubt) might loom my site over crypto space in 2019, in which Barry Ritholtz predicted the prediction by specialists wrong and absurd. Inspite of that also, 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 more participation from people in the blockchain space.Now that 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 that the bitcoins can be converted into dollars on behalf of the tax office.
BlockTower Capital, the main force in the crypto kingdom made a wager 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 may be the current scenario that is pulling it down however, the distress cycle might come to an end very soon as the institutional players have expressed their ardent interest in purchasing cryptocurrencies. .
It is gaining adoption and a number of people have begun using BTCs in real time, like buying a Lamborghini or even 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's trading at $3909.89 from the all time of $20000. The ever-fluctuating Bitcoin made many involved in the price forecast of Bitcoin.
As the market is experiencing explosive conditions, we must back up the prediction with the marketplace 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 strike $1 million by 2020 following past years prediction of $7000 that was well surpassed.