Bitcoin has had a great first half of 2019. Some analysts are even thinking we could see Bitcoin reach $25,000. Now, this feels out of reach right now but here are 3 reasons why we could see a very strong year for Bitcoin:
- IEOs and the Investor Interest
Investors appear to have forgotten the horrors of the 2017–2018 ICOs that went bad and lost a lot of money. As the market has started to pick back up we are seeing further interest in these speculative IEOs. This will also mean that investors will most likely buy Bitcoin to participate, thus driving up the price and overall interest. - Growth of Consumer Products
More and more products entering the marketplace. Cards, wallets and apps, we will start to see Bitcoin incorporated in our everyday lives. This will be a huge driver for Bitcoin in 2019. - SocialCoins — Facebook and Telegram
These huge projects from some of the biggest social networks in the world. They may at first be seen as a competitor of Bitcoin but they are not. They will put the cryptocurrency space in full view and give it a completely new perspective. Many have tried in this space but I expect to see Facebook (NASDAQ:FB) be very successful with implementing their strategy.
Bitcoin is poised for a great year. Not just price but overall development and interest. Looking forward to a strong end to 2019.