The last thing on every analyst’s mind is Bitcoin surpassing the gold level. Even the techgurus can’t predict it, because gold is a league of its own. Many depend on U.S. tariff inflation and China’s trade opportunities, while political instability is a constant factor. The volatile asset witnessed the creation of an overnight billionaire in a matter of seconds, when the price jumped from $700 to $2100+.
Young people, just experimenting with it, become “unintentional millionaires”, and history is made. Dash, Doge, Litcoin, PlexCoin, Ethereum and many more cryptocurrencies are going to the volatile market their own mark. While gold prices have remained lat in the past year, there has been an eruption of virtual currencies while dropping the iat. With the market trending everywhere with predictions, shifts are irreversible, facts are shocking and more shocks are on the way. A closer look at Bitcoin’s historical rate raises questions about the future of the cryptocurrency.
With a surge in supply and demand, analysts estimate mining will be completed in 2041. What is worth noting is the post-mining price volatility. The world is changing at the speed of light, they say, the world of technology is even faster, faster, not only in terms of change but also in terms of implementation.
Daily data for the Bitcoin Price Index comes from coindesk. Tapscot, author of Blockchain Revolution and one of the world’s top influencers, quoted: “Ethereum [8] blockchain has some amazing capabilities. One is that you can build smart contracts. What does it sound like. It is a self-executed contract, and the contract handles enforcement, management, performance, and payouts”. Figure 3 shows price volatility on Ethereum in
