Bitcoin is holding itself together now, stronger than it has been for a long time. Last month, it saw the rise from the winter it has been going through. It was a long night and full of terrors, but it has now subsided. It has resulted in a renewed interest in the people, about cryptocurrencies and the crypto economy.
As Bitcoin raises its head and looks around, there are more cryptocurrencies around than ever before, and more technologies supporting the crypto economy are coming up every day. People are more aware and interested in it now. They now understand the level of security that it provides and how decentralization helps them with their transactions.
When Bitcoin plumbed to bearish heights, people’s trust in the cryptocurrencies was faltering but last month’s immense growth has shown otherwise. Now people are looking with more interest than ever. It is time Bitcoin showed what it’s worth. The only question that remains, Can Bitcoin pull it off?
What do experts say?
People around the crypto-sphere are talking about the consistent rise in the Bitcoin price and how it is going to affect the industry as a whole. Although most people are confident about Bitcoin’s current stance, some say that it might need to hit above $6000 to be deemed stable and completely come out of the bearish trap.
There are clear signs of a Bullish market up ahead, but some experts say it’s early to be absolutely sure about it. There’s a clear impatience as investors and enthusiasts wait for one clear opportunity and the news hitting the stands that Bitcoin has made it to the Bull market.
Increased activity on crypto service providers
There has been a rise in the visitors to the crypto service providers as well. More users are returning to these service providers, and more new users are joining every day. This clearly shows the booming awareness about cryptocurrencies. If people are interested and Bitcoin is showing all these signs, it could be safe to say that the future looks a little bright.
There would be more cryptocurrencies and newer technologies hitting the market this year, and with the G20 countries talking about it in the upcoming summit, the regulations regarding cryptocurrencies will also take shape. All these good news, point towards a better year for cryptocurrencies. We could all cross our fingers as we look at the green on bitcoin and hope with our dear lives that it stays that way for a long way to come. Who knows, 2019 could prove to be the best year for Bitcoin ever.