The recent plunge in the value of Bitcoin has raised eyebrows to most cryptocurrency enthusiasts. The drop has sent the original crypto to levels that have given every investor a run for their money. That was just after Bitcoin price shot it's way up last year.
I know you are probably wondering what's next for this great giant? Are we witnessing the end of the biggest crypto coin in the world? Well, stick around and I will give you an answer to these questions. Last month, the Bitcoin price started on a downward trend.
After reaching its all-time high, Bitcoin price left everyone predicting its downfall. Well, guys here is a taste of its fall. Currently, as of this writing, the price of bitcoin is at $3,840.94. Last year, everyone knew Bitcoins. From my grandparents, parents, kids to the people at the office. But as much as we all anticipated the fall, no one actually thought that it could happen.
That's because cryptocurrency is actually shaping the future. It's one of the most essential elements in our future lives. Even though Bitcoin is struggling to compete with the likes of stocks and bonds, we all hope that it will get its relevant spot someday. All the same, this coin has a long way to go.
So how will Bitcoin fair on tomorrow and in the future?
Let's face it. No one can actually predict the future of cryptocurrencies as we know it. If anyone claims that they know what will happen, then they are only telling a lie. However, we can only speculate. I'm a cryptocurrency enthusiast and I know that the crypto space is a technology that's here to stay.
It doesn't matter if you use it or not. All the same, you will possibly end up using crypto coins out of sheer necessity. What's more, Ohio just decided to accept Bitcoins for business tax payments. That means that this might actually be good news for the currency.
All in all, the future of Bitcoin is something that might cause arguments at the dinner table. There are a number of people who actually refer to Bitcoin as a bubble. Meaning that they compare Bitcoins rise as the internet bubble that happened in the 1990s and later crushed to low levels. Most of the people who actually bought these stocks lost a lot of money. Hence, crypto enthusiasts now think that 2019 will be the year that Bitcoin will fall and every person who's invested in Bitcoins will lose.
That is why you only invest money that you are willing to lose in case such an incidence happens. Anyway, that doesn't mean that Bitcoin will crush in 2019. As a crypto investor, I can only give you speculations of the future and I believe that Bitcoin will rise again. It might be struggling at the moment but it has a brighter future than ever before.
As I said earlier, no one knows for sure what the future holds especially when it comes to the crypto space. We can only give speculations of the prices. All in all, Bitcoin is here to stay. And be ready for an even higher ATH.