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When the economy realizes that Bitcoins available supply is even less than the mined coins in circulation and it will never get to the total supply which can be mined, lack will drive the cost much higher.As of premature 2018, this infographic from Nicholas Rapp of Fortune illustrates the breakdown of the current Bitcoin source and the article is a good read featuring a new study of missing Bitcoins:According to new research from Chainalysis, a digital forensics company that studies the bitcoin blockchain, 3.79 million bitcoins are already 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 moves are fast and the Rates are volatile so a log chart is the best to value the movement and tune off volatility and noise.  TOP CRYPTOCURRENCIES TO BUY: Which top crypto hints are flashing a BUY signal now Which to avoid top notch guidance on how to play with 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 started and BTC is still 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 exactly what the crypto enthusiasts 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 said there is a read this possibility that Continue FUD(Fear, Uncertainty and Doubt) might loom over crypto space in 2019, in which Barry Ritholtz called the prediction by specialists wrong and absurd. Inspite of that also, analysts and enthusiasts maintained their hopes . Mike Novogratz said expressly he believes there is going to be big adaption in 2019,2020 because he thinks there will be more participation from folks in the blockchain space.Now 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 the taxation office.
BlockTower Capital, the main force in the crypto kingdom made a wager 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 space and volatility might be the current scenario that is pulling it down however, the distress cycle may come to an end very soon as the institutional players have expressed their ardent interest in purchasing cryptocurrencies. .
It's gaining adoption and some people have begun using BTCs in real time, such as buying a Lamborghini or even buying a mansion. It's easy as well as 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's trading at $3909.89 from the all-time of $20000. The ever-fluctuating Bitcoin made many involved in the price forecast of Bitcoin.
As the market is experiencing volatile conditions, we should back up the prediction with the market experts, who have been the mind and center of their cryptocurrency marketplace.
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 that was nicely surpassed.