New Supply Halves Of The Year 2016 Will Be Bitcoin
12/23/2015 21:13
Marketers say that the price of the Bitcoin may surge again in the year 2016. This rush in the price of the Bitcoin is not because of the Russian Ponzi scheme or by the Dark web drug dealing. This is mainly because of a reason that has no significance at all in the market. The money supply in the market is slowly growing and that is the reason behind the rush in the price of the Bitcoin, said the market experts. Bitcoin may seem some drastic changes in the year 2016, they added.
The Crypto-currency may find the year surging
The Bitcoin is the crypto-currency that will be moving the money anonymously without any need for the authorization from the central. Though the Bitcoin is accepted by many industrialists as a great medium for the money transfer and widely known as the digital money, it is still not been taken as the currency that can be invested in a business or especially in the market. This is mainly because of the volatile nature of the Bitcoin. Since the digital money is volatile, the marketers and the investors cannot make use of this in the market.
But in the year 2016, the Bitcoin can be accepted widely as a currency that can be invested. This is because the price of the Bitcoin is largely been driven by the factors that are similar to the currency of the traditional markets. The Bitcoin price is also following the age old principles of the demand and the supply. Hence the marketers believe that, in the year 2016, the bitcoin may get a status of being used directly into the market as digital money. But the question on the volatile nature of the money is still unanswered by the market experts.
When the Bitcoin was created in the year 2008, the creators have told that the bitcoin rewards will be halved every four years once in order to have a simple cover over the inflation. The year 2016 will be experiencing a halve in the Bitcoin rewards and that is probably why the market will be making use of the bitcoin as a currency that can be directly invested into the market. The bitcoin reward will be halved by the month of July in the year 2016, said the Bitcoin officials. This Halving will let the digital money to have a cover on the inflation, they added.
But the marketers say that there are so many other factors that also have paved way for the utilization of Bitcoin as the direct currency in the market. Many big industries and even some markets have started accepting the Bitcoin as a best medium for their payments and hence this change will be widely accepted in the market also in the near future. If you want to know more on this and to get the latest updates on the finance and market news, follow us at https://www.facebook.com/pages/Trends-in-Trade/872091739518711