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When the market realizes that Bitcoins available supply is even less than the mined coins in circulation and that it will never get to the entire source that can be mined, scarcity will drive the price much higher.As of early 2018, this infographic by Nicholas Rapp of Fortune illustrates the breakdown of the current Bitcoin supply and also the guide is a fantastic read featuring a new study of lost Bitcoins:According to new research from Chainalysis, an electronic 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 low one.
Note that the chart below is a log chart, these graphs are great for cryptocurrencies in general since their movements are fast and the Rates are volatile so that a log chart is the very best to appreciate the movement and tune off volatility and noise.  TOP CRYPTOCURRENCIES TO BUY: Which top crypto tips are flashing a BUY signal now Which to avoid Top notch guidance on how to play 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 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 ahead. Even NASDAQ, the second biggest 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 that there is a probability that FUD(Fear, Uncertainty and Doubt) might loom over crypto space in 2019, where Barry Ritholtz predicted the prediction from experts 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 as he thinks there'll be more participation from people in the blockchain space.Now that 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 that the bitcoins can be converted into dollars on behalf of the tax 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 the recent dry spell running in crypto distance and volatility may 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 voiced their ardent interest in purchasing cryptocurrencies. .
It's gaining adoption and some people have started using BTCs in real time, such as buying a Lamborghini or buying a mansion. It is simple as well as advanced. Once you understand the technology behind it, you will definitely adopt the beauty of the 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 price forecast of Bitcoin.
As helpful resources the market is experiencing explosive conditions, we must back up the prediction with the marketplace experts, who have been 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 which was well surpassed.