Despite the decline in quotations on the cryptocurrency market, it is now obvious that it did more good than harm.
Analyzing the situation with the prices of bitcoin and altcoins in 2018, researchers come to the conclusion that in everything that people usually see the negative, you can find positive moments. The main positive phenomenon of the market downturn in 2018 is that it is all exactly the same as what happened in the technology sector at the dawn of the advent of the Internet.
Analyst Low Kerner therefore compares Bitcoin with Amazon. He recalls that at the peak of the decline, during the collapse of the shares of dot-com companies, Amazon securities lost about 90% of their maximum, that is, even more than bitcoin lost in 2018 (about 80%). Then, when the market “cleared”, Amazon could not only catch up, but also grow noticeably in capitalization.
Kerner recently also stated that in the case of Bitcoin, the situation is even more promising:
"Cryptocurrency has already begun to replace gold, which means that its capitalization can grow to 8 trillion dollars."
Cryptanalyst Jason Lopp supports Kerner’s opinion, noting that by the end of 2018, there is a strengthening of the fundamental parameters of Bitcoin: investors invested in projects related to this cryptocurrency, 3.12 billion dollars, which is four times more than in 2017.
The use of bitcoin has grown both in online transactions and in the real world – approximately two times. As noted by Lopp:
“Bitcoin“ drove ”in 2018 is really bad if you take its price, but almost all of its indicators have improved during this time and show a tendency to increase.”
The analyst believes that the year 2018 was a turning point in the history of Bitcoin: a significant number of investors, starting from last year to this day, are not concentrating more on investing in this cryptocurrency, but on channeling money into the development of cryptocurrency infrastructure will lead to the further spread of bitcoin.
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