Bitcoin Holds its Gem-studded Sceptre High
After a constant downtrend in the performance adopted by Bitcoin in the year 2018 which was carried up to the current year is now hoping for an outraging success as it mounts up the chart in the world of cryptocurrency. The so-called leading digital coin has been showing its true power and is ready to rule again and stand as an example for the other coins. The experts predicted Bitcoin to show up in the bullish market once again as is the case now; ever since it broke through the shackles of its average performance right after the fall. BTC is up by more than 50% which is of course beyond the expectations of a few analysts.
A Twitter user recently commented, praising Bitcoin (BTC):
“The $6400 area was the most traded for bitcoin in 2018. There was heavy daily, weekly, monthly supply there – and price just nuked it in one shot. This is one of the most powerfully bullish moves that bitcoin has ever made.”
Some confess that this bullish trend was visible back in the year 2017 which lost its way in the year 2018 and thankfully is back on its track again. However, it is anticipated that BTC would soon rise in the next few hours and may not continue to rise at this bullish trend. A static performance may, therefore, be expected.
On the other hand, Tim Draper believes that Bitcoin has the potential to grab a total of 5% share of the entire world by the year 2023, as told in an interview arranged by FOX Business on May, 10th. It is, however, not known whether the comments on the basis of the recent ongoing performances of BTC which of course, refuses to slide down as of now. He, nonetheless, has pointed out to the basic virtues that Bitcoin possesses. He says:
“It’s a better currency, it’s decentralized, open — it’s transparent; everybody knows what happens on the blockchain.”
Draper in the interview did not shy away from confessing about his personal interest in Bitcoin. He expresses his personal view about how convenient would it be to use them, another reason why Bitcoin still attracts new owners even though it is the oldest. He says:
“I eventually want to have a fund where I take in bitcoin and I fund everybody in bitcoin and they pay their employees and suppliers in bitcoin and then I pay my investors in bitcoin. Because I would then require no accounting, no legal, no bookkeeping, no custody — it would all be done.”
Bitcoin (BTC) is currently trading at $119.952,936,758, priced at $6,779.24 at the time of writing. It is waving green for the weekly performance at 17.99% high. It has succeeded in scripting its performance in green again for the last hour and the past 24 hours reading at 0.19% and 7.53% respectively. The following chart gives an idea of its successful glory since the last six months:
Investors are keeping a watchful eye upon the impressive progress of Bitcoin as headlines are awaiting a slight change in the performance of Bitcoin and how it might affect the other altcoins.
Gloss