Bitcoin Forum

The sudden increase in demand for bitcoin has made its market cap to cross $50 billion.The spike is the result of stabilized market after overcome of hard fork fear.Since bitcoin has limited supply and also has ever increasing demand,its market cap is expected to increase continuously.

I think we should not just look at the marketcap because sometimes its misleading and can easily be manipulated. However, it's probably an influx of new money coming into the bitcoin ecosystem. This may very well be a good sign for things to come not only for bitcoin but for the whole crypto world in general.

We are seeing a more vigorous Bitcoin right now...as if emerging from hibernation and is ready to face the whole world with more energy and resolve. The SegWit thing has helped Bitcoin cement its reputation and place in the cryptocurrency world. It remains to be the King of the Cryptos and all the rest are just altcoins including the newly released BitcoinCash (BCH).

I am expecting so many good news in the coming days and weeks for Bitcoin. Soon we will be reading positive developments that can even influence the value of Bitcoin towards new territories. There is a great possibility that it can try to break the $3,500 wall maybe in the next two weeks...that is if there will be no negative news that can dampen the market.

Bitcoin market cap crossing above $50 billion mark clearly describes the growth of bitcoin market. This will increase by the further years as more and more countries legalize the usage. Why I say is that, when Japan legalized bitcoin suddenly the market capital increased a lot.