Bitcoin Price Will End EXPLOSIVELY This Year - Why Even REDDIT Co-Founder Is Still Bullish On BTC News 2018

Also Read : Bitcoin Is ABOUT TO HAVE A MASSIVE BULL RUN - Here’s What We Know Will Happen In The NEXT MONTH BTC News 2018

Welcome back to another Article here today, anti-tech cash also evolve your or having a good one. In today's Article, I'm going to go ahead and kind of break this up into two parts so they are going to be interrelated, but you know, I want to go ahead and give you my opinion first and foremost. So first things first. Okay.

I think that bitcoin's price will end explosively higher at the end of this year of 2018 going into 2019. Now let me explain really quick why exactly I think that, but before I do, I want to say drop a link on this Article if you like it, Follow and share for more and let's go ahead and kind of get a discussion going down in the comment section below. You can kind of type what you're thinking as you listen to what I have to say.

So with that being said, why exactly do I think bitcoin will end explosively higher this year? Well, there's a little something called the bitcoin happening or the having which is coming up. Okay. And that's how loving spelled helping as opposed. I just want to make sure that I'm being clear with my verbiage that is coming up in 2020. So what exactly happens is bitcoin's distribution becomes more limited. In other words, mining of Bitcoin is half as fruitful as it used to be before the having occurs. So say for example, you had a mining farm that used to mind 20 bitcoin per day.

Well after the havening it would only mine 10. And you might be saying to yourself why in God's name is that a good thing? Well, it's a good thing because it limits supply and limited supply of course means more demand for Bitcoin, for other cryptocurrencies in general.

And that tends to drive the price up. So with that being said, if the infrastructure continues to grow and everything is supported, we will almost invariably see a price rise. But with that being said, now I want to go ahead and kind of segue into a slightly different discussion where I would like to kind of discuss why even the co founder of Reddit is still bullish on bitcoin himself. Now reddit is a pretty prominent news and social media platform, I suppose it's kind of hard to shoe horn into a specific category, but obviously a lot of new circulates on reddit and I think that this is interesting because reddit definitely had a say or definitely had some sway in bitcoins or run up in price over the course of 2017.

So what exactly does right? It's cofounder Alexis Ohana Han have to say about bitcoin and his bullishness well, reddit cofounder, Alexis, oh, Hanahan has revealed his optimism about the future success of bitcoin despite the daily slump and price in an interview with Yahoo Finance, he believes bitcoin has the potential to be used as a store of value, especially in countries where Fiat currencies are being devalued.

Now, this is something that I have definitely covered in the past. Third World countries, developing nations. All of these places have a definite use for bitcoin because their Fiat currencies are absolutely garbage and a lot of cases. For example, Venezuela, Venezuela is having a really tough time and their native currency is spiraling out of control. A lot of Venezuelans are looking to bitcoin and that is exposing more and more people to the currency itself, so Henahan is no stranger to the cryptocurrency seen having cofounded initialized capital with his partner, Garry Tan in 2011, initialized capital started out as a company investing in y combinator. Startups before delved into cryptocurrencies as one of the earliest investors of digital asset platform.

Coinbase as a coinbase investor, oh, Hanahan strongly believes, and I just realized that it's kind of pronounced Ohanian and Natto Hanahan. I apologize for that. Ohanian strongly believes that the instability of theone currencies in economically crippled countries might pave the way for cryptocurrencies such as dash and bitcoin.

Ohanian points to these sociopolitical relevance of cryptocurrencies in countries like Turkey, where the citizens are losing faith in the Turkish lira, which opens an opportunity for widespread adoption of bitcoin. And on this, he says, as a store of value, there is some real traction with bitcoin and actually as we're seeing in countries like Turkey that are having a significant economic crisis where people are losing faith in the Turkish lira, we're going to see money move over to bitcoin because as unstable as it might be, it is actually a lot more stable for a lot of people than their own currency. Turkeys, economic fortunes, nosedive falling in, increase in tariffs levied on the country, steel and aluminum exports by the trump administration to decline in the value of the lira also lead to high demand in bitcoin trading volume one country that diseased cryptocurrencies to support it's faltering.

Economy is Venezuela where dash increasingly playing a substitute of role as private money. The Venezuelan government also issued a national coin, the petro as a means to attract foreign capital to boost the economy. Ohanian said here, remains enthused about how far crypto has come, which he still says is in its earliest stages, but it believes it might take a while before it goes mainstream. He however, sees cryptocurrency exchanges like coinbase in the pole position to grow the ecosystem and he closed by saying no matter what the currency prices are doing, seeing more and more people creating accounts shows more and more adoption and their end game is to be this interference between pupil there, Fiat money and Crypto, so all of this kind of meshes nicely.

The price is going to rise because these economies are failing because adoption is growing and because things like the havening and other technical factors are coming into influence price. So guys, as I'm recording this, bitcoin's value is hovering right around seven grant and that is awesome to see. Hopefully we see the price continued to grow. I am positive that we will, but as always folks, that is my opinion. So now I want to hear it. All of you have to say about this situation. Let me know what all of you think down in the comments section below and as always, drop a like on this Article if you like it, Follow and share.

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