Bitcoin did not just get out of the net by breaking the net two, but reached new records. A few days after Bitcoin Cash was created, the original Battlefield managed to reach its previous record of $ 3,000, and if today someone wants to buy, it has to spend more than $ 3,250.
Bitcoin is the first cryptocurrency, and according to Kumar Gavrah, the founder of Cashaa - Auxesis Group, this determines and always holds the lead because it had the longest time to develop compared to the other. Fortune's success is not just about constant growth, but also the speed at which it managed to recover after the split. Forka actually did Bitcoin's service after traders and investors were selling the newly created Bitcoin Cash for the original.
Also, the horizon for Bitcoin looks clean, according to Gaurav, because more and more institutional investors will turn to Bitcoin. And the price increase itself attracts even more people to the crypto-wave. He shared:
"Bitcoin is increasingly recognized from a legal point of view, media attention is increasing, increasing usability and approval, while the primary, political reasons for Bitcoin's popularity are stronger than ever. A most recent example - the EU has announced it has a chance to freeze bank accounts to prevent bank bankruptcy, reminiscent of what led to the first Battle of Wake, the banking crisis in Cyprus. "
Bitcoin will be $ 10,000 in 3 years
Gouravh goes on to say that Bitcoin has achieved so much in his early years, despite the fact that only a small part of the population has supported him because of some of the advantages he has, namely the freedom he gives to people who are in a confused political , Financial and economic system. So we can imagine what effect we can become witnesses after proven institutions and popular media accept it.
The creator of Cashaa, the site for cheap money transfers using block technology, also drew attention to the curve that describes the price of Bitcoin in recent years, and believes that in the next three years, a value of 10,000. The dollar will be a reality.
Battle is not controlled by anyone
Another big supporter, Simon Dixon, emphasizes the fact that Bitcoin is the only crypto-pole that is not controlled by anyone and which has the world's largest computing power and a very good monetary policy.
He explained that Bitcoin had encountered many problems related to the capacity of the transaction processing network. Due to the fact that no one controls the crypto-wave, the debate took 3 years before any decision was made - SegWit2x.
There is increased demand
Despite the problems, Bitcoin crossed the $ 3,000 limit, and growth continued. Dixon said:
"I remain optimistic when Bitcoin's alternatives continue to add value to him and prove that there is only one cryptopazar worthwhile tool. In the end, people speculate and invest in altoys, but there is only one Bitcoin to which they turn to lock out any profit or loss. "
He also added that central banks and governments would soon realize that keeping a Battle is a good idea - what we are seeing among the financial institutions at the moment. They will most likely try to create their own alternatives that will compete with Bitcoin, but the fact that they will be centralized and controlled does not make them much different from the poor money.
Bitcoin is sustainable and diverse
Michael Vogel, Netcoins CEO, sees the fundamental benefits and diversity of Bitcoin's applications - sending money, online payment, storage, block technology, and so on. Free marketing (even negative) by the media increases Bitcoin's popularity and recognition among people and sets it up as the "golden standard" among cryptoLooks.
$ 3700 as the next step for Bitcoin?
Vogel likened Bitcoin's development to that of the Internet, which has undergone numerous problems in the early years. He believes that after a decision has been made to increase the capacity of the network, many more investors will join. Goldman Sachs are predicting $ 3700 in the near future, and it looks like Bitcoin will not wait long!
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