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Why Bitcoin is set to go up?

Why Bitcoin is set to go up?

Lately, the price of Bitcoin, the most popular cryptocurrency in the world, has finally increased. Is it just a temporary state, or is it a sign of better times? What will happen with the BTC in the near future? Are we over the crisis yet?

The crisis

It all started in the fourth quarter of 2018. Back then, Bitcoin’s price suddenly dropped quite significantly. At the end of November 2018, 1BTC was worth only $3,650, which was the lowest point since September 2017. In December, the most popular digital asset cost even less. For many crypto investors it was quite a shock. It was a tough time for everybody who invested in the cryptocurrency market at its peak in December 2017. When you buy something for $20,000, and it costs less than $3,500 not even a year later, it can be frustrating.

A step backward is normal

BuyCoinNow offers Bitcoin because it has been verified many times by the market. Probably the most significant test has happened recently. The oldest cryptocurrency on the globe has been in the crisis, and it survived it. That is the legitimacy we all needed.

It took half a year until Bitcoin price went up significantly. At the beginning of April, the BTC price went up from $4,000 to over $5,000 in just a few days. And now, we are here. As of today, Bitcoin is worth almost $6,000, and it seems the crisis is over. You should use that opportunity to buy BTC now!

Of course, a slump isn’t great at any circumstances. However, it is something normal, and we should not panic. For almost 10 years, Bitcoin was only growing. Many people thought that it would go up forever. The laws of the economy are inexorable. The old truth says that if something grows constantly, it won’t last. To be legitimate, Bitcoin had to suffer a crisis. We can say, with very high probability, that there will be other downtrends and recessions in the future too. And that is entirely normal.

What’s next?

It seems like better times are ahead of us. Of course, it is only a prediction, but chart analysis suggests significant BTC increases. However, don’t take our word for granted. Check out, what even more qualified people than us have to say.

Wences Casares, the CEO of Xapo and a director at PayPal, predicts that Bitcoin will be bigger than the Internet. He is convinced that Bitcoin will reach a $1 million milestone in 7-10 years. He also said that Bitcoin has a good chance of success because 60 million people around the world are involved in this project.

Elon Musk, the founder of Tesla and SpaceX, is convinced that Bitcoin is a brilliant development, far better than paper money.

Tim Draper, a crypto enthusiast and multibillionaire, believes the future for BTC is very bright. Recently, he said that Bitcoin price will reach $4 million. He gave an example of Bitcoin - Starbucks cooperation as the legitimacy of the real value of the most popular cryptocurrency.

Ronnie Moas, a crypto analyst, predicts that the price of BTC will reach almost $28,000 in December 2019.

Even NASDAQ, the second largest stock exchange on the globe, has finally come to the conclusion that Bitcoin can’t be diminished and disregarded any longer. American trading platform is going to add BTC futures in the next few months.

Sonny Singh, the chief commercial officer at Bitpay, said that Bitcoin might reach $20,000 by Thanksgiving this year. The co-founder and head of research of Fundstrat Tom Lee assumes that the $20,000 level is the modest prediction, and Bitcoin could be worth even $64,000 by the end of 2019.

Buy Bitcoin now!

Many, many more crypto and business influencers claim other, even higher price tags. Despite all of it, you can have your doubts. However, now is the best moment to purchase bitcoins, so you have to think quickly. The price of the most popular digital money is still at a relatively low cost, so you should jump on the train to the land of wealth.

On BuyCoinNow, you can buy Bitcoin in a fast, safe and simply the best manner. Don’t hesitate and secure your future. Remember that if you wait too long, it can be too late to become rich. Buy your Bitcoin now!