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When the economy realizes that Bitcoins readily available supply is even less than the mined coins in circulation and that it will never get to the entire supply that can be mined, scarcity will drive the cost much higher.As of early 2018, this infographic by Nicholas Rapp of Fortune illustrates the breakdown of the current Bitcoin supply and the article is a good 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 good based on a high estimateand 2.78 million based on a low one.
Note that the graph below is a log chart, these graphs are Fantastic for cryptocurrencies in general since their moves are fast and the prices are volatile so that a log chart is the best to appreciate the movement and tune off volatility and noise.  TOP CRYPTOCURRENCIES TO BUY: What best 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. However, 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 said that there is a probability that FUD(Fear, Uncertainty and Doubt) might loom over crypto distance in 2019, where Barry Ritholtz called the prediction from experts wrong and absurd. Inspite of the also, analysts and enthusiasts kept their hopes . Mike Novogratz said expressly he thinks there is going to be large adaption in 2019,2020 because he thinks there'll be participation from folks in the blockchain space.Now 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 the taxation office.
BlockTower Capital, the main force in the crypto realm made a bet on Bitcoin annually ago recently made a bullish statement on Bitcoin's cost. Michael Bucella, a partner at BlockTower mentioned the recent dry spell running in crypto space and volatility may be the current scenario that is pulling it down but the distress cycle might come to an end quite soon as the institutional players have voiced their ardent interest in purchasing cryptocurrencies. .
It is gaining adoption and some people have begun using BTCs in real time, like buying a Lamborghini or even buying a mansion. It is simple in addition to 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 is trading at $3909.89 from its all-time of $20000. The ever-fluctuating Bitcoin made many read this involved in the price prediction of Bitcoin.
Since the marketplace is experiencing volatile conditions, we should back up the prediction with the marketplace specialists, 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 nicely surpassed.