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When the market realizes that Bitcoins available supply is even less than the mined coins in circulation and it will never reach the total supply that can be mined, lack will drive the price much higher.As of early 2018, this infographic by Nicholas Rapp of Fortune exemplifies 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, a digital forensics firm that studies the bitcoin blockchain, 3.79 million bitcoins are gone for great based on a high estimateand 2.78 million based on a reduced one.
Note that the chart below is a log graph, these graphs are great for cryptocurrencies in general since their moves are fast and the Rates are volatile so a log graph is the very best to appreciate the movement and tune off volatility and noise.  TOP CRYPTOCURRENCIES TO BUY: Which best crypto hints are flashing a BUY signal now Which to avoid top notch guidance on the best way 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 folks are pointing out to is not getting a green light in the SEC regarding the BTC ETF. But, 2019 is exactly what the crypto enthusiasts are her latest blog 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 over crypto space in 2019, in which Barry Ritholtz called the prediction from experts wrong and absurd. Inspite of that too, analysts and enthusiasts kept their hopes high. Mike Novogratz said explicitly he believes there is going to be big adaption in 2019,2020 as he thinks there will 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 kingdom 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 space and volatility might be the current scenario that is pulling it down however, the distress visit site cycle may 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 started using BTCs in real time, like buying a Lamborghini or buying a mansion. It's 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 costs are fluctuating. It's trading at $3909.89 from the all time of $20000. The ever-fluctuating Bitcoin made many involved in the price prediction of Bitcoin.
As the marketplace is experiencing explosive conditions, we should back up the prediction with the marketplace experts, who have been the mind and center of their 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 last years prediction of $7000 which was well surpassed.