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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 source that can be mined, lack will drive the cost much higher.As of early 2018, this infographic by Nicholas Rapp of Fortune illustrates the breakdown of the current Bitcoin source and the article is a fantastic read featuring a new study of lost Bitcoins:According to new research from Chainalysis, a digital forensics company 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 chart below is a log chart, these graphs are great for cryptocurrencies in general because their moves are fast and the prices 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 top crypto hints are flashing a BUY signal now Which to avoid top notch guidance on how best to play with the grand bull market in crypto out of InvestingHaven's research group, only for $2 per week. Crypto & Blockchain investing service >.
The previous month of 2018 has started and BTC remains on its downtrend. The main reason precisely 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 forward to. Even NASDAQ, the second largest 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 stated that there is a possibility that FUD(Fear, Uncertainty and Doubt) might loom over crypto distance in 2019, in which Barry Ritholtz predicted the prediction from experts wrong and absurd. Inspite of that also, analysts and enthusiasts kept their hopes high. Mike Novogratz said explicitly that he thinks there is going to be large adaption in 2019,2020 as he thinks there will be 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 their tax office.
BlockTower Capital, the main force in the crypto kingdom made a wager on Bitcoin annually 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 but the distress cycle may come to an end quite soon as the institutional players have expressed their ardent interest in purchasing cryptocurrencies. .
It is gaining adoption and a number of people have begun using BTCs in real time, like buying a Lamborghini or even buying a mansion. It's simple in addition to 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 is trading at $3909.89 from the all-time of $20000. The ever-fluctuating Bitcoin made many involved in the purchase price prediction of Bitcoin.
Since the market is experiencing volatile conditions, we must back up the prediction with the market specialists, who have been the mind and center of their cryptocurrency marketplace.
John McAfee, the founder of the home popular McAfee software and an ardent Bitcoin follower predicted that Bitcoin will hit $1 million by 2020 following last years prediction of our website $7000 that was nicely surpassed.