Unless you have been living in a cave without access to the outside world, for sure, you have already heard about bitcoin and its potential. After all, it is not the most popular cryptocurrency for nothing. From big companies to young individuals, bitcoin has captivated the attention of many.
Need reasons to invest in bitcoin or host a bitcoin ATM this 2019? Keep on reading and we will let you know some of the reasons why this cryptocurrency will continue to be a big hit this year, providing you with compelling reasons to have it considered as an alternative investment.
Market Capitalization will Increase
In one report from Forbes that predicts the performance of bitcoin in 2019, it has been reiterated that it will regain dominance in the market for cryptocurrencies. In fact, it is expected that 2/3 of the market capitalization for cryptocurrencies will be bitcoin. This is also attributed to the forecast that altcoin will lose its appeal, which is attributed to having more investors who are risk-averse. To add, altcoin is also expected to become more complicated, paving way for the bitcoin to have increased market capitalization.
Rise in Demand for Bitcoin ATM
Another thing that will be indicative of how big bitcoin will be in 2019 is the assertion that the demand for bitcoin ATM will rise continuously. In the first week of the year, there are already 4,155 bitcoin ATMs in various locations around the world. This is one of the best indicators that the bitcoin is a growing form of investment. After all, if there is no clamor, the number of ATMs will not grow substantially. With this, if you plan to host your own ATM, visit https://www.coincloudatm.com/ to know more how it can be done.
More Recognition from the Government
Another thing that is expected to happen to the bitcoin market in 2019 is the increased recognition from the government. This can be both a good and bad thing. It is a good thing because it cements the legitimacy of bitcoin as a form of currency. On the other hand, this can also mean that there will be restrictions in place. The governments may even decide to ban bitcoin if they deem it to be illegal or if there is a lack of infrastructure that will govern its trading.
Growing Ways to Use Bitcoin
Year after year, because more and more people are using bitcoin, the uses are being more diverse. It is now not uncommon to see shops and restaurants accepting bitcoin as a major mode of payment. This is especially true in the case in online stores. Online casinos and gaming portals also use bitcoin payments. You can even support charities and make donations in the form of bitcoins.
Indeed, bitcoin is going to be bigger this 2019! With the increase in acceptance and recognition from the government, this cryptocurrency is definitely one of the best investments to consider this year!