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When the market realizes that Bitcoins available supply is even less than the mined coins in circulation and it will never reach the total supply which can be mined, scarcity will drive the cost much higher.As of premature 2018, this infographic from Nicholas Rapp of Fortune illustrates the breakdown of the current Bitcoin supply and also the article is a fantastic read featuring a new study of lost Bitcoins:According to new study from Chainalysis, a digital forensics firm that studies the bitcoin blockchain, 3.79 million bitcoins are already gone for great based on a high estimateand 2.78 million based on a reduced one.
Note that the graph below is a log chart, these charts are great for cryptocurrencies in general because their movements are fast and the Rates are volatile so a log chart is the best to appreciate the movement and tune off volatility and noise.  TOP CRYPTOCURRENCIES TO BUY: Which best 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 from InvestingHaven's research team, only for $2 per week. Crypto & Blockchain investing service >>.
The last month of 2018 has begun and BTC is still on its downtrend. The main reason 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 forward to. 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 stated there is a possibility that FUD(Fear, Uncertainty and Doubt) might loom over crypto space in 2019, in which Barry Ritholtz called the prediction by 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 because he thinks there'll be 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 a knockout post government has partnered with Bitpay to make this happen conveniently so that the bitcoins can be converted into dollars on behalf of their taxation office.
BlockTower Capital, the main force in the crypto kingdom made a bet on Bitcoin a year 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 might 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 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 forecast of Bitcoin.
As the market is experiencing volatile conditions, we should back up the prediction with the marketplace experts, who've been the mind and heart of their 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.