purchase Bitcoin directly. Instead, they must rely on another investment vehicle, such as an ETF, which is a security, to speculate on the Bitcoin market. Our top advisor Iain Butler has just identified his #1 stock to buy in 2019 (and beyond). Demand outside of speculation, its almost certain that Bitcoins 2017 bull run was driven by speculators. As of this writing, it was up 14 from December, with not too many extreme swings along the way. Accordingly, wed expect most of these users to either hold Bitcoin or exchange it for goods, which would not result in as much volatility as that caused by speculation. Due to the instability of Bitcoins price ETF proposals have been denied by the SEC. Since December, Bitcoin has hovered between 4,450 and 5,200. ICOs were raising billions of dollars, and investors were putting no thought into their investments. Banks have also taken action against crypto transactions, a trend that, if it accelerates, could send demand for Bitcoin lower. Until then, it is likely that we will stay sideways with a less volatile year for Bitcoin.
Bitcoin Price Speculation for 2019
Declining from 20,000 to 4,000 at the time of this writing leaves speculators wondering if 2019 is a year for the bulls. Bitcoin Price Speculation for 2019, throughout the entire year of 2018, the market has yet to find its support. Each day news outlets and influencers have been calling bottoms, but with no avail.
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The second is taxes and legal clarity. The same happened last week, which saw short positions in Bitcoin drop to six-month lows. However, such real-world use does exist. The volume during 2017 was unprecedented, which means that lots of buyers and new investors were buying in all the way up to 20,000 per Bitcoin. The year 2017 showed this meteoric price increase and prior to this bull run, the price was gradually increasing from 700-1,000.