On 5. August moved the price of Bitcoin steadily on the 12,000-US-Dollar-brand. The view in the Community reveals that The mood among investors is good. But we have to do it here, with a sustainable increase?
By Phillip Horch
6. August 2019BTC$11.621,00 0.84%part Facebook Twitter LinkedIn xing mail
The Bitcoin is not course like the other Assets. Increases of ten percent within 24 hours are not uncommon. But just as quickly it can go downhill again. The BTC has broken course just a certain brand, you can be the next day forgotten for a long time. But everything is different this Time? These are the reasons for a long-term increase in the leading crypto-currency by market capitalization, We set ourselves the bull’s horns.
1. Bitcoin as an alternative Asset for a crumbling economy
It is no secret that There was a time in which the world economy is better there. The trade dispute between the two economic powers, the US and China coming to a head more and more every day. US President, Donald Trump will not be tired, to impose sanctions and threatening with the other. The Trump policy not only weakened the Chinese Yuan and, ultimately, the US Economy with your dollars. Since it is obvious that, since the recent imposition of new criminal the Bitcoin duties rate rises.
Finally, Bitcoin is increasingly being recognized as a complementary Asset for crisis portfolio. Investors grab metals in times of an impending recession, usually classy, has the crypto-currency is quite Potential to join Gold, silver & co. to. One reason for this is that the Bitcoin can rise in price in the long term.
2. The Bitcoin exchange rate and geopolitical tensions
Venezuela shows it again and again: crypto-currencies are a growing Instrument in the geopolitical power struggle. The Maduro government in Venezuela in the year 2018, a digital currency, the Petro.
The promise: Each unit of crypto-currency should be backed by a barrel of Venezuelan Oil. The highlight of the matter: With the action the country is made a possibility, the U.S. customs bypass. The Perfidious: The population of the inflation-plagued country does not seem to benefit from the action, but must look, however, for Alternatives. Because the Inflation is there, sometimes so strong that the money has at the end of the day, only a fraction of the value it had in the Morning.
to emancipate themselves from the Central banking System, the population – you might guessed it – currencies Bitcoin and other Crypto. Due to its characteristic of no Central Institution controls, offers BTC here is a way out. The motives may not be beautiful. Nevertheless, A further drive for the Bitcoin price.
3. The view from the outside
The public perception of crypto-currencies will change increasingly. Sometimes, an improved understanding is to observe the crypto-currencies gives more respectability. The perception of Bitcoin as a niche product and the Darknet currency converts increasingly to an Asset that is here to stay.
in Turn, the view to the Overseas shows the changing understanding of crypto-currencies. Recently, members of the US Senate expressed the view that they could not ban crypto-currencies. The only sensible reaction showed recently, the German Federal government on damage limitation instead of restriction. In other words: What you can’t prohibit, you should regulate wisely.
A regulated environment will ultimately lead to a greater willingness among institutional investors to invest capital in crypto-currencies. Further fodder for the Bitcoin price.
4. BTC Halving & the price of Bitcoin
The next Halving comes with security. At this Event, which is planned in the coming year, halved the reward for Bitcoin Mining. This means, ultimately, that Miner per mined Block get only 6.25 BTC instead of 12.5 BTC. Because the deflationary structure of the crypto-currency is that this Reward is halved at regular Block intervals.
So, the crypto-currency is continuously valuable. In accordance with the Stock-to-Flow model, an Increase in the Bitcoin can also be used here-the course can expect:
In anticipation of a rate rise by the BTC Coinbase Reward Halving prices rise in the run-up. This could be a reason for the cyclical history of Boom-and-Bust phases of the crypto-currency no 1. The model for the Peak of the next Cycle (after the Halving in may 2020) with a rate of 55,000 US dollars in views.
For such an optimistic future projections, the increased demand for devices for BTC Mining is not the last word. Large manufacturers of the devices involved increasingly in trouble, the supply devices to the pressure of competition among the Miners continues to rise. The new avalon miner is out of stock until October.
5. Growing interest and Deflation are fueling the Bitcoin price
The deflationary basic structure of the BTC system, it is, ultimately, the fuel price developments. Because according to a (very optimistic) study of the Investment house of Grayscale, in the American market of 21 million potential investors for the crypto-currency. That coincides almost exactly with the maximum Bitcoin number of 21 million. The demand is increasing here, will not change the offer but, finally, the number of crypto-currency is capped. Here, too, factors for a possible rate increase, you can see.
Important note
is not, However, forgotten in all the potential of euphoria, and dreamed of course fire works: We have here to do with a highly volatile and unpredictable market. So reasons for a long-term increase in the Bitcoin price, the sound consistently and are likely to be found though. The past shows, however: Sooner or later the prices fall again. Reason enough, some of the Trading tips view.
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