Bitcoin : Why It will Remain

in bitcoin •  6 years ago 

bitcoin-2348236_960_720.jpg

As per the report Arthur Hayes Co-founder of BitMEX (Bitcoin Mercantile Exchange )is very much bullish on Bitcoin and he is predicting a price range of around $50,000 by the end of this year, despite the huge correction from the peak of $20000. He is still expectation a further correction and predicts that it may move down to $3000 and after that we will see it emerging moving to $50000. It 10 year journey has been excellent from zero to $20000, so we all are hopeful that it still has got a lot of story to push itself to is peak of $50000.

Bitcoin and cryptocurrency are financial structure but along with this it has a technological advancement through blockchain. Therefore its potential is very huge as more and more sectors are adopting blockchain like Banks, government organization and corporate. Banks are focusing more on cryptocurrency because the demand is very high. An companies like Amazon, Microsoft, IBM and oracle are also in pipeline to provide blockchani solution. So government are also in the Process one recent example is Dutch Government.
.
And cryptocurrency and Blockchain cannot be separated. So if there is an adoption of blockchain there will be adoption of cryptocurrency. And it will be impossible to completely put a ban on it.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Bitcoin probably handles financial status but it promotes black business.

I don't have much knowledge how it promotes black business but I think even if everybody adopt this technology then I think any Government will be more secured as the technology will be able to track every means of transaction in fact they will save lot of money on security

Yes bro if it will be use by banks or online shopping sites then it is very difficult to ban it .Nice ppset .I really like it

thanks

If you promote all country bitcoin, then the price of bitcoin will go up in the coming time, which we wii see

You are right

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by teenovision from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.