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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 reach the total source 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 source and the guide is a fantastic read featuring a new study of missing Bitcoins:According to new study from Chainalysis, a digital forensics company that studies the bitcoin blockchain, 3.79 million bitcoins are already gone for great based on a top estimateand 2.78 million based on a reduced one.
Note that the chart below is a log chart, these graphs are Fantastic for cryptocurrencies in general since their movements are fast and the prices are volatile so that 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 how to play with the grand bull market in crypto from InvestingHaven's research group, only for $2 per week. Crypto & Blockchain investing service >.
The last month of 2018 has started and BTC remains on its downtrend. The main reason precisely what the crypto folks are pointing out to is not getting a green light from the SEC regarding the BTC ETF. However, 2019 is what the crypto enthusiasts their website are looking ahead. 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 stated there is a possibility that FUD(Fear, Uncertainty and Doubt) might loom over crypto space in 2019, where Barry Ritholtz predicted the prediction by specialists wrong and absurd. Inspite of that too, analysts and enthusiasts kept their hopes . Mike Novogratz said explicitly that he believes there is going to be big adaption in 2019,2020 as he thinks there will be participation from folks 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 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 price. Michael Bucella, a partner at BlockTower mentioned that the recent dry spell running in crypto distance and volatility may be the current scenario that's pulling it down but the distress cycle might come to an end very soon as the institutional players have voiced 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's easy in addition to 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 is trading at $3909.89 from the all time of 20000. The ever-fluctuating Bitcoin made many involved in my review here the price prediction of Bitcoin.
As the marketplace is experiencing volatile conditions, we should back up the prediction with the market experts, who have been the mind and heart of the cryptocurrency marketplace.
John McAfee, the founder of the popular McAfee software and an ardent Bitcoin follower predicted that Bitcoin will hit $1 million by 2020 following last years prediction of $7000 which was well surpassed.