The price of Bitcoin has gone up to a whooping 18K at one point this year, Even though 16.3 million Americans use bitcoin all the time, most people may not be ready for it, particularly given concerns surrounding security and diversification.
Overall, Americans remain confused about the cryptocurrency. A 37% plurality say they aren’t familiar at all with bitcoin. Forty-two percent say they’re either somewhat or not too familiar with it while 9% claim they are very familiar. The remaining 12% didn’t know or had no opinion.
Even with proof of the numbers the majority of american's who know how to use bitcoin don't realize as the price falls the alt coins will become saturated. The higher bitcoin goes the higher of a ceiling the alt-coins have to follow. Case and point Bitcoin Spike and Alt-coins spike. Bitcoin Drops and Alt-coins drop.
With the resistance levels showing to stabilizes over the next few weeks we are likely to see another Bitcoin Bull rush. that could rush bitcoin prices to that long awaited 25K stake.
- Hyrdrom