Bitcoin's Surge in Context- Deep Value in Cryptocurrency Assets


Bitcoin's Surge in Context- Deep Value in Cryptocurrency Assets

Bitcoin has surged above $8,100 as the stock markets have faced uncertainty during the US/China trade war.  Amazingly, the cryprocurrency market has surged back above $250 billion, representing an increase of more than 50% in 2019 YTD.  Bitcoin has yet to be tested during an economic downturn, and looks to be a store of value during uncertainty and a great investment at the current price in Q2 2019.

Bitcoin has been on a tare since Q2 2019, appreciating approximately 50%, and maintaining a market dominance above 50%.  Bitcoin itself drives the market and has seen organic adoption.  The halving of rewards from 12.5 BTC per block to 6.25 BTC per block is less than 1-year away, which is an organic catalyst for Bitcoin's growth.

Altcoins including Binance Coin, Ripple's XRP and Etheteum have notably appreciated 50-300% during the time Bitcoin has risen.  It looks like there is still alot of value left, with charts on many altcoins signalling excellent technicals and near-term golden crosses.

As market uncertainty rises, it looks like Bitcoin and the associated cryprocurrency market will fill in for gold as a store of value. As institutions including Fidelity and TD Ameritade being their trading desks, expect volumes to increase and value to follow suit.  Buy now and prepare for a precipitous rise in value.

Sources:

Picture from Pixabay.

 https://coinmarketcap.com/
 https://www-newsbtc-com.cdn.ampproject.org/v/s/www.newsbtc.com/2019/06/14/bitcoin-price-trending-higher-as-worlds-economic-order-derails/amp/?amp_js_v=a2&_gsa=1&usqp=mq331AQDoAEC#referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.newsbtc.com%2F2019%2F06%2F14%2Fbitcoin-price-trending-higher-as-worlds-economic-order-derails%2F

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BitcoinCrazy
BitcoinCrazy

I am a writer, aerospace worker, cryprocurrency enthusiast and entrepreneur. I am a blogger and am eager to join this community.


Introducing Myself on Publish0x-Wstanley224
Introducing Myself on Publish0x-Wstanley224

Hello Publish0x community! I am a blogger who is excited to join you. I enjoy writing about cryptocurrency, life, business and the financial industry. Join me on my journey, I am glad to be here.

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