Bitcoin, a decentralized cryptocurrency is flourishing on the board as an idea that has already molded into massive success in itself. Irrespective of its price momentum in the last 10 years, there have been times when Bitcoin have been placed at such a position wherein the BTC value has done an enormous addition to the investments of the investors in the past as well as is likely to do the same in the future.
As of now, Bitcoin is currently traded at a price above $6200 just rightly hitting in the bull’s eye and making meritorious price movements.
Bears seem to have dominated by ‘The Brand’- Bitcoin
In light of Bitcoin to be termed as Brand and not just a decentralized cryptocurrency, it has all the characteristics of what a brand should have like it is more than a name or an element that represents itself as the leader of cryptocurrency and blockchain. It is distinctive in nature that makes it stand out and not follow the rest.
As predicted by most of the analysts, Bitcoin value was supposed to cross $6000 mark by the end of this quarter but it has been trading at a value above $6000 presently which means the BTC price has been doing exceptionally well. The coin has been performing very well right after the paltry of crypto winter.
- By the end of 2019, experts and analysts have predicted the price of BTC to record as high as 7000 USD to 7200 USD.
- Looking at the previous months of this year, it seems that $7000 will be achieved in the earliest daylight.
- The long term panorama is bullish for Bitcoin.
Bitcoin is attaining new market space with its profuse nature for its investors. Thus, Bitcoin is neither a wicked irredeemable flop nor lucrative magic.
Further, it is growing to evolve as a brand and not a just a virtual currency, to quash other investments and revolutionize itself and its own market space.