Bitcoin will Increase more in 2018

Bitcoin touched $ 10,000 in November 2017 but even at this level its much smaller then most of the world currency.

A Lot of people say that its time it has reached the highest point and won’t grow further but the fact is there are still many people who are entering into the market every day.

Here are the 9 reason we think Bitcoin and other crypto currencies will grow further.

Market Capitalization :

Bitcoin Market Capitalization is much lower then Apple and other TECH companies that are there in the market. If you want to know basic about Bitcoin then read this first What is Bitcoin?

1/5 the size of Apple:

Bitcoin market capitalization is just $ 170 Billion. Its much smaller then all the companies. It’s 1/5 the size of Apple. It still has a lot of room to grow to become mainstream.

1/10 % of US Dollar Circulation:

Bitcoin is expected to become mainstream currency for payment. At this point its much lower then US $ Circulation. And if we sum up all the currencies that are there its much smaller. As per federal reserves there are 1.58 trillion dollars in circulation.

1/40 the size Gold Reserves:

Bitcoin is compared as an alternative to Gold. A big part of Gold is used in jewelery but a big part is also used in gold reserves as well. At the current market capitalization its just 2.25% of the total gold reserves of the world. Total gold mined at a current market rate is expected to be $ 7.5 Trillion.

1/3 the size of Global Remittances:

Bitcoin is still much smaller the size of Global remittances. Bitcoin is expected to change the remittances markets as it can be transferred at a nominal fee whereas the transferring in other currencies can occur a lot of charges. The current Global Remittances stands at $ 550 Billion.



Not even 1% of World Reserves:

If countries start using Bitcoin as a means to reserve amount it value should reach at a much higher level. At the current level Bitcoin value is not even 1% of world reserves. It still has a lot of potential as its decentralized and not controlled by any country.

No of Users:

As crypto currency is getting popular more and more people are getting aware of the benefits of Bitcoin.

1 Million Users :

The no of users has exploded in last 3 months and it has reach over 12 million users with a monthly average of 1 million users added every month. At this rate number of people owning Bitcoins will increase to over 30 million people by 2018.

Institutional Investors:

As Bitcoin increased in value, Institutional Investors are expected to enter the market in 2018. CME Group announced in August that it would be making a new product: a future, based on bitcoin.

Pension Fund:

Pension funds has a lot of money and a lot of pension funds are closely monitoring bitcoin and waiting it to get more stable. These usually hold fund for a longer time and add sustainability in the market. As Canada Pension Plan Investment Board Bitcoin needs more sustainability for mainstream investment but they are looking at it closely.

More and More Shops Accept Bitcoin:

More and More stores has started accepted Bitcoin and there has been alot of ATMs specifically designed for Bitcoin. Coinsource a major ATM operator for Bitcoin has opened over 20 ATMs in Georgia.

Bitcoin Free Account :

You can open your free account with Bitcoin exchange coin base here (Open Your Account Here). If you signup using this link you will get $ 10 of free Bitcoins after your first transaction.

Learn About Bitcoin :

If you want to know Basics about Bitcoin then you can read our basic guide to Bitcoin (Guide to Bitcoin).

If you are also interested in other crypto currency which has much higher potential then Bitcoin then read this Ethereum has more chances to grow then Bitcoin

Connect with us on our FB Page to stay update on Bitcoin trends (Facebook Page).

 

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Bitcoin will Increase more in 2018

Bitcoin touched $ 10,000 in November 2017 but even at this level its much smaller then most of the world currency.

A Lot of people say that its time it has reached the highest point and won’t grow further but the fact is there are still many people who are entering into the market every day.

Here are the 9 reason we think Bitcoin and other crypto currencies will grow further.

Market Capitalization :

Bitcoin Market Capitalization is much lower then Apple and other TECH companies that are there in the market. If you want to know basic about Bitcoin then read this first What is Bitcoin?

1/5 the size of Apple:

Bitcoin market capitalization is just $ 170 Billion. Its much smaller then all the companies. It’s 1/5 the size of Apple. It still has a lot of room to grow to become mainstream.

1/10 % of US Dollar Circulation:

Bitcoin is expected to become mainstream currency for payment. At this point its much lower then US $ Circulation. And if we sum up all the currencies that are there its much smaller. As per federal reserves there are 1.58 trillion dollars in circulation.

1/40 the size Gold Reserves:

Bitcoin is compared as an alternative to Gold. A big part of Gold is used in jewelery but a big part is also used in gold reserves as well. At the current market capitalization its just 2.25% of the total gold reserves of the world. Total gold mined at a current market rate is expected to be $ 7.5 Trillion.

1/3 the size of Global Remittances:

Bitcoin is still much smaller the size of Global remittances. Bitcoin is expected to change the remittances markets as it can be transferred at a nominal fee whereas the transferring in other currencies can occur a lot of charges. The current Global Remittances stands at $ 550 Billion.



Not even 1% of World Reserves:

If countries start using Bitcoin as a means to reserve amount it value should reach at a much higher level. At the current level Bitcoin value is not even 1% of world reserves. It still has a lot of potential as its decentralized and not controlled by any country.

No of Users:

As crypto currency is getting popular more and more people are getting aware of the benefits of Bitcoin.

1 Million Users :

The no of users has exploded in last 3 months and it has reach over 12 million users with a monthly average of 1 million users added every month. At this rate number of people owning Bitcoins will increase to over 30 million people by 2018.

Institutional Investors:

As Bitcoin increased in value, Institutional Investors are expected to enter the market in 2018. CME Group announced in August that it would be making a new product: a future, based on bitcoin.

Pension Fund:

Pension funds has a lot of money and a lot of pension funds are closely monitoring bitcoin and waiting it to get more stable. These usually hold fund for a longer time and add sustainability in the market. As Canada Pension Plan Investment Board Bitcoin needs more sustainability for mainstream investment but they are looking at it closely.

More and More Shops Accept Bitcoin:

More and More stores has started accepted Bitcoin and there has been alot of ATMs specifically designed for Bitcoin. Coinsource a major ATM operator for Bitcoin has opened over 20 ATMs in Georgia.

Bitcoin Free Account :

You can open your free account with Bitcoin exchange coin base here (Open Your Account Here). If you signup using this link you will get $ 10 of free Bitcoins after your first transaction.

Learn About Bitcoin :

If you want to know Basics about Bitcoin then you can read our basic guide to Bitcoin (Guide to Bitcoin).

If you are also interested in other crypto currency which has much higher potential then Bitcoin then read this Ethereum has more chances to grow then Bitcoin

Connect with us on our FB Page to stay update on Bitcoin trends (Facebook Page).

 

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