Positive Bitcoin Price Momentum in Late 2018 Is Still Very Much Possible

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Positive Bitcoin Price Momentum in Late 2018 Is Still Very Much Possible

Post by phATstax00 » Wed Jun 13, 2018 6:56 pm

Other than the Bitcoin price, various developments are taking place as well. Bitcoin is set to receive a fair few technical updates in the months to come. Transaction fees are already on the decline, and future scaling solutions will help improve things accordingly. When the Lightning Network will effectively gain global traction, has yet to be determined at this stage.

Furthermore, merchant adoption of Bitcoin as a payment method is also seemingly on the rise. That in itself has been a pressing problem for the world’s leading cryptocurrency. If things can pick up the pace in this regard, there will be a growing focus on paying with cryptocurrencies, rather than investing in them. Such a mindshift will be more than welcome as far as Bitcoin is concerned.

There is also the growing regulatory focus on Bitcoin. Whereas once assumed to be a necessary evil, more people now see the merit of actively regulating Bitcoin. It offers more legitimacy to the cryptocurrency space and may help attract institutional investors. All of these changes combined will eventually impact the Bitcoin price in a positive manner. Last but not least, major trading platforms are venturing into cryptocurrency. That list includes Nasdaq, ICE, ad, and several other key players.

https://www.newsbtc.com/2018/06/13/posi ... -possible/

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