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When the market realizes that Bitcoins readily available supply is even less than the mined coins in circulation and it will never reach the total supply which can be mined, lack will drive the price much higher.As of early 2018, this infographic from Nicholas Rapp of Fortune exemplifies the breakdown of the current Bitcoin source and the guide is a good read featuring a new study of missing Bitcoins:According to new research from Chainalysis, a digital forensics firm that studies the bitcoin blockchain, 3.79 million bitcoins are already gone for great based on a top estimateand 2.78 million based on a low one.
Note that the graph below is a log graph, these charts 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 value 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 the best way 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 begun and BTC remains on its downtrend. The main reason precisely what the crypto folks are pointing out to is not getting a green light from the SEC regarding the BTC ETF. However, 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 probability that FUD(Fear, Uncertainty and Doubt) might loom over crypto space in 2019, where Barry Ritholtz predicted the prediction by experts wrong and absurd. Inspite of that too, analysts and enthusiasts maintained their hopes high. Mike Novogratz said expressly he thinks there is going to be big 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 the tax office.
BlockTower Capital, the main force in the crypto kingdom made a wager on Bitcoin a year past recently made a bullish statement on Bitcoin's cost. Michael Bucella, a partner at BlockTower mentioned that 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 a number of people have started using BTCs in real time, such as buying a Lamborghini or buying a mansion. It's easy in addition to advanced. Once you understand the technology behind it, you will definitely embrace the beauty of the digital currency.
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Bitcoin prices are fluctuating. It's trading at $3909.89 from its all-time of 20000. The ever-fluctuating Bitcoin made many involved in the price prediction 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 hit $1 million by 2020 following past years prediction of $7000 which was well surpassed.