Traders and investors in the world of Cryptocurrency will be in high-spirits to know that the world’s leading digital currency will be surging way higher this year! With the recuperation period approaching its end, Bitcoin is sure to stay up high in the cryto-charged global market today.
What’s with all the excitement?
2018 was a year of uncertain terms and regulations, the Fork Wars, and lack of awareness, all of which manipulated the sell-off and bear-market. Well, the crypto-market would leave a sigh of relief now, as many of these issues are fading away to set up the appropriate conditions for a massive bull market. Find out about Bitcoin’s bullish future this year in our recent article here!
According to one of the most eminent Bitcoin bulls & Wall Street Strategists Thomas Lee, macroeconomic trends will provide adequate support to the much anticipated bullish rally before the end of 2019. As Lee said, 2018’s confusions regarding the soaring US dollar and the uncertainty revolving round global market will be gone very soon. To Lee, the promising technical vision can be established in the long run if only the foundation is made concrete enough.
Bitcoin, Blockchain, and the World at a glance
Lee further goes on to say that the most important characteristic for the value of Bitcoins is the fact that both Bitcoin and Blockchain are being utilized for their true purpose. Major banks like JP Morgan, and Mizuho Bank are all going crypto. So are tech giants such as Facebook. Venezuela is already flocking to blockchain technology, while Russia and Germany prepare for a Crypto-Revolution. This eventual shift of awareness will result in a retail sector entirely reliant on Bitcoin utility. Bitcoin, in the end, would evolve into a stand-alone asset class.
From Lee’s statements, one will realise that the adoption of Bitcoin will play a significant role in national politics too. Presently, Venezuela is the only exemplary country where blockchain technology has become safe haven for citizens who were victimized by hyperinflation and incompetent governments.
Bitcoin, since its inception, has been admired by farsighted market strategists as a potential game-changer. After all, in a world where banking systems are corrupt and the internet is at stake, the one of the only things that can provide respite is a technology that guarantees individual liberty to the fullest.
Featured image from Finder.