Bitcoin is perhaps the most popular cryptocurrency there is. It has enjoyed a massive resurgence several years ago and is instrumental in the creation of other cryptos such as Ripple, Litecoin and MintChip. Bitcoin did peak at $2 billion in market value, but the bubble burst and experienced a 50% drop since.
The foremost question in everyone’s mind is, can Bitcoin still make a comeback? Is cryptocurrency the future of money?
All around the world, merchants and companies alike have taken to the idea of cryptocurrency as a form of payment. But the barrier in widespread use is that everyone has to be familiar with it and what it can do. The complexities compared to the straightforwardness of traditional fiat can confuse the layman and make them averse to the shift from paper to digital.
In the meantime, real-time exchange markets face issues that they must overcome if cryptocurrencies are to compete head-to-head against traditional platforms. The silver lining is that up-and-coming technology can prove to be a boon in the development of Bitcoin and cryptocurrency overall.
Cryptocurrencies Continue To Gain More Ground In The Mainstream
There’s no doubt that cryptocurrencies are continuing to gain mainstream ground, because now there are a number of cryptocurrency exchange platforms to choose from. Instant Cryptocurrency Exchange is among the best that offer exchange services within an advanced, yet user-friendly interface that’s a far cry from the basic systems that was set up in the early days of Bitcoin.
These exchanges are great for investors and for organizations who make use of big data for analysis, collection and organization purposes. Volume, transaction, price history and open orders are important factors that can be used by analysts to make the best decisions moving forward.
Furthermore, big data can be harnessed within the cryptocurrency platform to forecast future movements of certain crypto assets.
Cryptocurrencies Are Getting A Boost From Institutional Investors
Not only individual investors, but also banking institutions can gain from blockchain technology and cryptocurrency as well. While the volatile and decentralized nature are somewhat different from traditional fiat, blockchain’s immutability has garnered interest among these institutions.
When properly combined, crypto assets and blockchain technology provide a simple, low-cost and global method of payment anytime, anywhere and to anyone.
Today, we’re seeing governments trying to get ahold of cryptocurrency and regulate it, which eases investor’s minds and encourages them to put more funding into the medium. Regulation can mean a good thing, as institutional investors can breathe easy knowing that the cryptocurrency market has become less uncertain. More importantly, crypto can finally become a valuable asset that can provide handsome returns.
In the future, we may even see Bitcoin and other successful cryptocurrencies on the Nasdaq market. These optimistic views are tempered by failures that the medium experiences every now and then. But despite all that, people are still looking to crypto as the future of digital coins and transactions.
The future of cryptocurrency exchange is bright, and we can expect more and more platforms to come up. When exchanges are widely available, then buyer confidence will likewise increase.