Bitcoin on the background of yesterday's news from China will change soon within a narrow range. If you analyze all events, the cost of $100 000 by 2020 does not seem fantastic.
Bitcoin is a unique currency in the world. Cryptocurrency has no prohibitions and restrictions from other countries. The Dollar and the Euro constantly controlled by the financial intelligence. Bitcoin is heavily protected from inflation and economic crises. Every day the cost will increase. Many foreign countries have long been using virtual currency. The result after a few years will be awesome!
China has become the world leader in Bitcoin mining and cryptocurrency trading. Procedures provided ICO allows projects to do without venture capital funds and investment banks, attracting financing from enthusiasts of the crypto community. This is what prompted the Chinese authorities to reconsider their attitude to the ICO.
It's not as bad as it might seem at first glance. Bitcoin went to another correction and the opportunity to purchase cryptocurrency at a lower price. It's perfect! Many analysts argue that soon the China to change its attitude to ICO and there will be new tools to attract investment into the cryptocurrency. It is a positive trend to the growth of Bitcoin.
After activation SegWit and testing Lightning network, the value of Bitcoins is close to $80 billion Market capitalization of Bitcoins is 50% of the total crypto market. The volume of trading and number of transactions growing every day. In 2020, the mining process will produce more 864 Bitcoin. In 2024 will be 432 new Bitcoins. And in 2032 will be found 99% of Bitcoins.
When all the Bitcoins are found, people will be afraid to miss a sweet piece. The value of cryptocurrencies will increase dramatically.
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