BTC Price: Will We See Bitcoin Rallying its Way up to the Moon in 2019?

[Goodcat49]

Over the largest part of this year, the crypto market has remained bearish, with rapid corrections continuing no more than a couple of weeks. Now traders are scared and confused about taking any further steps with the fintech. Luckily, some experts claim investors have nothing to be afraid of.

The value of Bitcoin has decreased almost twice since mid-November, from $6,400 to $3,490. Despite this tremendous drop, some analysts remain optimistic, saying that bitcoin will easily exceed the mark of $20,000, the last year high, and skyrocket to the moon.

BTC Needs Institutional Investments   
“Number one, the on-ramps for new capital is very difficult,” said Bart Smith, digital assets trader at Susquehanna. “If you’re a global institution, it is still very difficult to buy Bitcoin in a way you might want to. A wealthy individual from the G.I. Generation is not going to take a high-resolution picture of their driver’s license and send it to a website and send money there”.   

The drop in the number of Bitcoin transactions is often associated with a lack of investment in the digital currency industry from institutions and influential investors. Disregarding the fact that there has started to appear more and more platforms for such large-scale investors, for example Bakkt, it seems to make no significant difference to the current state of affairs.   

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/will-we-see-bitcoin-rallying-its-way-up/