The Bitcoin Bear market of 2018-2019 has been very troubling to retail and institutional investors worldwide including big names like Fidelity and Goldman Sachs and even the NASDAQ. I am very excited for Bitcoin and the cryprocurrency market in 2019 and beyond. Here’s why:
Abra, the app I have endorsed for cryptocurrency trading and management now supports stocks and ETFs. Abra is run off of Bitcoin, and the value of the simulated assets on the platform is supported on Bitcoin’s blockchain. Billions of people just got access to stocks and ETFs who previously could not access them through traditional brokeridges. Expect this to push Bitcoin higher.
The Bitcoin Lightning Network now has a market of 600 Bitcoin, or roughly $2 million, and has been growing. The Lightning Network sits on top of the Bitcoin and Litecoin blockchain and reports transactions over a period of time between parties as a single consolidated record. The scalability of Bitcoin’s 2500 transaction block processed every 10-minuted can be solved by this method. A vending machine company trialed this technology with success. This will solve Bitcoin’s biggest challenge soon.
Worldwide adoption of Bitcoin could come during a major financial downturn in markets worldwide. 90% of assets worldwide were down last year. Bitcoin will function as a safe haven asset, or a social gold, when the markets dip. This will be a catalyst for a bull market and will attract institutional investors.
Population dynamics favors Bitcoin. With 1.8 billion people between the ages of 10-24 according to a U.N. report, and young people favoring cryptocurrency, we are setup for an organic Bitcoin Bull market.
There is historical precedent for long periods of Bitcoin decline in price and stagnation. 2013-2015 was such a time, and the asset lost 80-90% of its value. Keep holding my friends.
Published in my Whaleshares, Weku, Serey and Golos accounts I own. This is my original content.
Originally published in the trybe account I own at: