One of the big questions raised in the run up to the launch of the all-coin market was, how high would the Bitcoin price rise. But this was an irrational prediction based on no real data. The actual prices in October and November were far lower than they have been and the virtual money didn’t really take off until the fourth quarter of the year. There’s little evidence that investors are actually buying up digital currencies any more, despite claims from some quarters.
So it follows that any speculation about how high the bitcoin price at https://www.webull.com/quote/ccc-btcusd should go is pure foolishness, based purely on wishful thinking. On the contrary, if you believe that the potential for a serious increase in the value of cryptosystems like bitcoin is as high as some financial commentators suggest, then you are either going to be incredibly mistaken or perhaps gifted. For those that think the future of the crypto coinage is still only in the realm of supposition, then perhaps it is time to write off your long-term investment strategies and move on to something more concrete.
What’s most interesting about the whole debate about how high the price of crypto coins will go is the fact that it has mirrored some major developments in the global economy. Global inflation, a major political event likely to drive investors to invest in any alternative assets that offer a higher return, and the potential eventuality of hyperinflation – these are all big forces that have helped make the prospect of investing in the alt-coin marketplace so attractive. One of the reasons why the future of the marketplace appears so bright is because it provides a very clear example of how the global economy can interact with the use of distributed ledger technology. All of the major players in the economic world have some form of electronic transaction infrastructure that must be operational at all times. The potential applications for this technology goes far beyond currency exchanges, though.
Think about the implications of what this means for the future of the global economy. One of the biggest arguments against the idea of a decentralized electronic ledger is that the existing transaction technologies – the use of physical cash and credit cards – offer too much room for fraudulent activities. The worry is that widespread use of the cryptocurrency market could enable hackers to steal financial data or even direct the inappropriate use of funds by governments or other institutions. In short, the worry is that the existing financial infrastructure might collapse under the pressure.
Fortunately, this doesn’t appear to be a very real problem at the moment. Most people who buy coins are doing so for investment purposes, not to take advantage of the emerging crisis. This is why the future of the marketplace for the Cryptocurrency may hold a lot of promise for those investors who can spot an opportunity in the low volatility, low risk surroundings of the Cryptocurrency market. If you believe that the digital currency industry will continue to expand – and it has in recent years – then this represents a fantastic opportunity for you. If you want to know more information for Bitcoins, you can get from Bitcoin news.