Blockchain Industry Review by IdeaFeX Q1 2019 part 10 — Bitcoin

Cryptocurrencies are more than ever all linked to bitcoin, so it is worth focusing on BTC to check the overall health of the sphere and its likeliness for a trend reversal.

Bitcoin is little by little claiming back the ground it had lost to the benefit of altcoins throughout 2017. Its predominance had fallen to as low as 30% but is now back to 55%. Nothing indicates that it could not continue to regain ground, and it is worth examining why.

Peer-to-peer money is still as cool as it appeared 10 years ago. The value proposition is still to store and exchange value in a means not controlled by states or big organizations. This view is still as attractive as in the beginning, maybe even more at measure that regulators put more compliance pressure on exchanges. As the original cryptocurrency, Bitcoin is here to stay.
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This is the exert of a post originally published on our Medium channel: https://medium.com/@IdeaFeX/blockchain-industry-review-by-ideafex-q1-2019-part-10-bitcoin-c62dc4c10c1d