Last year we witnessed a miracle of bitcoin growth at the end of the year. Will it be repeated later this year?
We need a strong push to market growth. What do you think is likely to impact the market at this time?
Let me know your opinion. Personally, I think Bitcoin ETF!
The fact that Bitcoin`s price took off at the end of last year doesn`t mean that the same thing will happen this year. Bitcoin doesn`t have “cycles” and chronological patterns in development, therefore, it`s impossible to link the price change only to the time frame. However, I believe that at the moment the basis for the further growth of this cryptocurrency is being formed. In my opinion, this is due to two factors:
1. Increasing of the complexity of BTC mining. For today, more than 17 million coins have been mined out of the planned 21 million, and the less left, the stronger the course.
2. Large institutional capitals are coming to the market. This will give new impulse to Bitcoin strengthening and stabilization.
It cannot be said that we will definitely see the result of the action of these factors by the beginning of 2019, but I think that the new price increase won`t take long to wait.