6 reasons to be more optimistic about the future of Bitcoin adoption in 2019
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Answer 6 reasons to be more optimistic about the future of Bitcoin adoption in 2019
It was said that 2019 is the year that will bring adoption of cryptocurrencies and Bitcoin in particular, and this was like music to the ears of society especially after the bear market situation at the end of 2018 and the massive losses of cryptocurrencies.
Here are the main reasons why the rate of Bitcoin adoption is on the rise.
Enhanced security
Compared to 2018, the computing power published on the Bitcoin network by users from all over the world has more than doubled.
The number of daily active addresses is stable
This kind of stability is clearly an excellent sign, especially with a bear market being a sign that the price has not affected users’ activities.
Read:Grayscale prepares for legal battle with SEC over Bitcoin ETF
Transaction volume doubled
After the price of Bitcoin and cryptocurrencies fell, we noticed a doubling of transaction volumes on the Bitcoin network.
Low transaction fees
Right now, the average transaction fee is down to about 25 cents, which is really cheap, which is a great factor for adoption.
The growth of the Bitcoin accelerating network “Lightning”
Recently we have noticed the growth of the Bitcoin “Lighting” network which is really cool and the fact that there is more room for growth without a limit is something that is hopeful.
Positive rumors and predictions
The latest predictions about Bitcoin are already coming from well-known and more important names who claim that they are waiting for a bright future.
As an example, the United Nations recently released a report on the global economy and called bitcoin and cryptocurrencies the “new frontier” in digital finance.
According to the report, crypto and blockchain technology on a large scale has the potential to create new and revolutionary business models.
There are other moves that could lead to massive adoption and the latest thing worth noting is that Samsung appears to be preparing to launch a digital currency wallet on its new device.
Read:Morgan Stanley Increases Its Exposure To Bitcoin And Buys Over 58,000 GBTC Shares
If Samsung’s next flagship product comes with a mobile wallet, and considering the success that Samsung has had with its smartphones, that would be a huge step towards mass adoption.
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