If you traced the situation of 2017, then you know that reaching $ 10,000 was an important milestone, followed by a bearish market of one year duration. However, there are several reasons that indicate that the current situation is different.
Let's look at 5 reasons why this time things are different.
Less active bitcoin wallets
If we compare this figure with the peak of 2017, it will become clear that today the number of active addresses is 24% less. This indicates that there are no signs of insanity resulting in the 2017 bubble.
Network commissions have fallen in price
With the introduction of SegWit and the integration of bitcoin transactions, commissions have become much cheaper compared to 2017.
Despite the fact that on average it now stands at about $ 2, this is far from $ 40 per transaction at the top of the 2017 bull market.
Hashrate reaches record values
Mining devices are becoming more sophisticated and energy efficient.
The amount of computational work performed on the Bitcoin network is growing, and is currently at a record high level. This means that the network is generally more secure than ever.
HYIP in the media has not started yet
The current interest in Bitcoin in the form of search queries on Google is only a small part of what was observed in December 2017.
Similarly, the media are in no hurry to increase this growth.
Facebook cryptocurrency indirectly propagates Bitcoin
Regardless of what you think about Libra 's “cryptocurrency” , its development has riveted attention to cryptocurrency space, providing Bitcoin with free advertising.
Despite the fact that we have reached a really high price level, this time the growth of BTC differs in all aspects.
It is not known whether it will lead to another bubble or acceptance, but some experts believe that this time 6-digit values will be achieved.
Publication date 06/26/2019
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