It is perfect time to invest on bitcoin because price of bitcoin has considerably gone down.Today the price of bitcoin is around $6000.How can we forget previous year when its unimaginable price hike stunned everyone around the world within no time interval?It had not only grabbed the attention of governments,entrepreneurs and industrialists but also common people.Suddenly crypto-currencies especially bitcoin rose to fame and everyone started talking about it .Before that happened nobody took it seriously thinking it is just a matter of time when the bubble will burst.the price of bitcoin went around $20000 from merely $4000 and other crypto currencies price also rose as well with it.After that too much hacking took place around the world and everyone started questioning about its security .Governments started taking steps to regulate it and made few rules and laws to safeguard common people from losing their money .These thing led to slowly dipping down of bitcoin price and other cryptos as well.
According to Michael A.Robinson, strategic tech investor,a massive system upgrade to Bitcoin is expected to go live at any time and also other cryptocurrency experts believe that when this will happen, the price of bitcoin will soar potentially to $100,000 a coin or maybe more.Analyst Kay Van-Peterson sees more bullish gain for bitcoin over the next decade.He also sees its price soaring over $100,000 in ten years.According to him, all cryptocurrencies will grow hugely in the global trading market in the coming years which he further adds that it will be enough for all cryptocurrencies to equal 10% of the average daily volumes of global fiat currency trading in coming decade.
In present scenario one of the reason for bitcoin poorly performing is that it is virtually useless as an actual form of money and payment transaction are quite slow and the overall costs are too high.But that could change within just a matter of time with this system up-gradation to bitcoin. It make bitcoin easy-to-use kind of financial transaction method.People will prefer make their payment through bitcoin rather than using their credit cards or any other mode of transaction.Not only it will be luxury for common people but also to all businesses for their financial transactions.The upgradation will not only help bitcoin's price to but also other crypto coins.People will prefer to use as a mode for purchase to anything they want.Recently social media facebook also lifted the ban partially which it had imposed on advertising any cryptocurrencies.
Seems like good days are ahead in near future for bitcoin and othercrypto coins as well.Maybe,just round the corner so to say.So, those who have invested and those who are investing in it will ripe the benefits for sure.
What is your opinion?Please leave a comment below.
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