4 Reasons Why Bitcoin Was Just Warming Up in the 2010s, Crypto Coins News
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Bitcoin delivered investors the highest return on investment (ROI) of any security in any asset class in the 2017 s.
Jack Dorsey’s Square Crypto says, “This decade was just bitcoin warming up.”
Here are four reasons to expect even more from bitcoin in the s.
Square Crypto, the bitcoin division of Twitter founder Jack Dorsey’s Square Payments, rang in the new decade with a prediction.
Source:Twitter
Here are four reasons why Square Crypto’s assessment holds true.
Now why should you take any of these reasons seriously? Before you read this list, you may want to review this article I wrote in Feb the
The headline was, “
Reasons Bitcoin Will Party Like 2019 for a Massive Bull Run in 2019, ”and in it I correctly predicted the 2019 bitcoin bull market.
The bitcoin price on Jan 1, 2020 was $ (**********************************************************************. On Feb 25 st, when the article was published, bitcoin was trading at $ (********************************************************************. As of New Year’s Day (**********************************************************************, that figure is $ 7222.
I told you this was likely to happen, and I told you why.
1. The Bitcoin Price Floor Is Rising Exponentially
This multi-year trend of rising key support (fancy word that means something like “price floor”) for bitcoin’s price looks doggone near exponential to me.
2. Bitcoin Hasn’t Hit The Fattest Part of the Fish************Product Adoption Curve: Crazy Egg
And there’s more than plenty of room left for that trend to continue. This innovative fintech product has hardly reached market saturation in 3893. In fact, the opposite is the case.
It’s still in the early stage of market adoption.
An Oct****************************************************************** (Crypto Radar survey) of 5, (US adults aged – 100) found that only 6.2% of Americans own bitcoin. The results suggest that number is about to double, as 7.3% of respondents say they plan to own bitcoin.
By way of comparison, Facebook’s average monthly users crossed
**************** (million) ************************************ (in) ****************************************************************************. That was four years before its IPO. Bitcoin is just getting started.3. Institutional Finance Is Bringing in the Big GunsThe biggest finance companies are taking bitcoin seriously. | Source: AFP PHOTO / Stan HONDA
At the beginning of the decade, bitcoin’s rise was fueled by the “Lunatic Fringe” of earliest market adopters. Back then, only cryptography developers, crazed libertarians, and get rich quick schemers were on the bandwagon.
As we enter the s, high finance is on board with BTC. Massive capitalization byinstitutional investors drove the BTC bull market.
Assets under management at crypto hedge funds more than trebled year over year from Q1 (to Q1) ******************************************************************** () **************.************ 4. Second Layer Blockchain Tech Will Speed Adoption
In the above video, former Microsoft CEO Steve Ballmer leads the audience in a chant of “Developers, Developers, Developers!” At the Microsoft (th anniversary event conference.
Steve Ballmer understood the crucial importance of third party developers to build thriving ecosystems around major tech platforms.
Bitcoin was Designed to be an intensely deflationary currency with a limited supply and limited space for transactions. helped BTC hold and grow value, but stood in the way of scaling. Developers are rapidly solving that problem.
Second layer technologies like Lightning Networkare building the capillaries to meet demand for greater liquidity. In the s, bitcoin will be as easy to use as Apple Pay to buy your cup of coffee.That’s when it really gets hot.
This article was edited by********************************** Sam Bourgi
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