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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 supply which 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 article is a fantastic read featuring a new study of lost Bitcoins:According to new study from Chainalysis, an electronic forensics company that studies the bitcoin blockchain, 3.79 million bitcoins are gone for good based on a top estimateand 2.78 million based on a reduced one.
Note that the chart below is a log graph, these charts are Fantastic for cryptocurrencies in general because 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 prevent top notch guidance on how best to play the grand bull market in crypto from InvestingHaven's research team, only for $2 per week. Crypto & Blockchain investing service >.
The previous month of 2018 has begun and BTC remains on its downtrend. The main reason precisely what the crypto people are pointing out to is not getting a green light from the SEC regarding the BTC ETF. But, 2019 is what the crypto enthusiasts are looking forward to. 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 said that there is a possibility that FUD(Fear, Uncertainty and Doubt) might loom over crypto space in 2019, where Barry Ritholtz called the prediction from specialists wrong and absurd. Inspite of that too, analysts and enthusiasts kept their hopes . Mike Novogratz said explicitly that he thinks there is going to be large 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 the bitcoins can be converted into dollars on behalf of their taxation office.
BlockTower Capital, the main force in the crypto kingdom made a wager on Bitcoin annually past recently made a bullish statement on Bitcoin's cost. 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 may come to an end quite soon as the institutional players have expressed 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's simple as well as advanced. Once you understand the technology behind it, you will definitely adopt the beauty of this digital currency.
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Bitcoin prices 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.
Since the market is experiencing volatile conditions, we must back up the prediction with the marketplace specialists, who've been the mind and heart of their cryptocurrency market.
John McAfee, the founder of the popular McAfee software and an ardent Bitcoin follower predicted that Bitcoin will hit $1 million by 2020 following Look At This past years prediction of $7000 that was well surpassed.