2018 was not the best time for cryptocurrencies in many respects. For Bitcoin, which is just over half of the market, it was a very volatile time. Although its average annual price (until December 18) was around 7.6 thousand dollars was the highest in history, the current value of this cryptocurrency reaching the level of approx. 3.6 thousand. dollars. it is more than twice lower. What is worse, it is also below the average price for 2017, which amounted to 3.9 thousand. dollars.
How much will Bitcoin be worth in 2019?
Price drops on the cryptocurrency market significantly decreased the bitcoin value in 2018. The largest of cryptocurrencies currently only reaches half the average price for the whole year. How much will it cost in 2019? There are reasons why optimists may assume that they will pay much more next year.
The American regulator is already one of the railways, considering applications for the possibility of creating an investment fund based on bitcoins. Until now, the signals were clear – no positive decision. In recent times, however, statements have a different meaning, there are such “doves”. But under the pressure of large institutions, the SEC will agree and arise (as in Switzerland) investment funds based on crypto – Switzerland: the first license for the cryptocurrency fund.
Such a decision can be a big fuel for crypto
The price of Bitcoin can grow massively in 2020 by halving
Another bitcoin halving can turn out to be a turning point for the price of Bitcoin, as can be deduced from the data currently circulating in social media. Halving means a fall in the prize for the block (the supply falls by half).
$10 million to 2025?
During the first Bitcoin halving, which took place on November 28, 2012, the BTC / USD exchange rate was around USD 12. At the second Bitcoin halving on July 9, 2016, Bitcoin was already $ 657. The third half cut – which falls in mid-2020 or 644 days – will cause the block award to drop from 12.5 BTC to 6.25 BTC, which suggests that current trends may cause prices to reach gigantic increases even to 10 million dollars by 2025.