2014 was full of surprises for Bitcoin owners, both good and bad ones, and those with a bit more savviness in the world of finances have surely learned more than a couple of lessons over the last twelve months. And now, as we enter 2015, a few things are worth noting about the world’s most popular cryptocurrency – most interestingly, the fact that its recent price decline has seemingly done nothing to stop Bitcoin from getting even more popular. It appears that the market for Bitcoin is expanding, and with it, the whole system surrounding the cryptocurrency. What does all of this mean for the future price trends for Bitcoin though?
According to some experts, the price of the cryptocurrency has been positively affected by its adoption by various major companies, including Microsoft and Dell. Public trust in Bitcoin has been on the rise as well, a factor that has proved to be crucial in the development of the cryptocurrency over the last few months. While there was originally a great deal of enthusiasm about it, the price crash from a few months ago made a significant blow to Bitcoin’s public perception. When Mt Gox went down, many investors were seriously reconsidering the future of the cryptocurrency as a whole, and for a good reason.
Meanwhile, the volume of Bitcoin transactions has been on the rise lately, as trading with the currency has been getting more and more popular. It still doesn’t compare to any of the “real” currencies on any serious level, and it was the worst-performing currency in 2014 according to reports, but it’s also an attractive target for speculators who are drawn by its high volatility. Whether this is good or bad for the currency in the long run, only time will tell – but lately, price trends have been on a decline.
There is also a rather popular opinion among experts at the moment that Bitcoin could strongly benefit from increased adoption right now. This is a critical period in the development of the currency, and if more major companies come out with announcements that they’re supporting Bitcoin, this could definitely leave a lasting mark on its development in the future.
On the other hand, before this could happen, the currency’s price has to stabilize a bit more, other experts claim. This creates a peculiar situation, because this stabilization depends in part on the adoption trends, so it’s not clear which of the two will have to happen first before Bitcoin sees a more stable price. But if it does reach a solid position and draws even more people to its market, it has a real potential to become a mainstream currency adopted by merchants and buyers worldwide.
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