Bitcoin (BTC) has surged over 100% in 2019, and the world is finally waking up to the true potential of the #1 cryptocurrency asset. The past few days and weeks have seen an explosion of global interest in Bitcoin, and the price has risen dramatically as a result.
There are a number of reasons attributing to the fueling of this global awakening, one of which is the mass uncertainty in the global stock markets. Faith in traditional markets is weakening as stocks begin to fall due to the irresponsibility from governments and central bankers who have caused quantitative easing.
“This is a hedge against irresponsibility from governments and central bankers…the world is waking up to the value of a hedge against quantitative easing.”@OJRenick and @Ikigai_fund's @Travis_Kling go down the checklist for why #bitcoin won’t stop rallying.
📊 $BTC $ETH $LTC— TD Ameritrade Network (@TDANetwork) May 13, 2019
Adding to this downfall is the trade war between the US and China, where President Trump imposed tariffs on $200 billion of Chinese goods and China raised tariffs on US goods as a result. Now, stocks are plummeting and fear and uncertainty are at an all-time high with regards to traditional markets.
However, traditional investors are realizing there is a hedge against quantitative easing and falling stock prices, and it’s Bitcoin (BTC).
Bitcoin’s Rally Might Not Stop
While traditional markets are falling, Bitcoin is increasing exponentially and people are beginning to take notice. The current state of the global financial markets is leading people to realize Bitcoin’s potential as a safe haven and store of value. Meanwhile, Bitcoin continues to rise in price as traditional assets fall.
As more people take notice, they will come to understand that the late 2017 bull run wasn’t a one-off. Then they’ll invest in Bitcoin and the current parabolic rally we’ve experienced might not stop.
Additionally, people are finally seeing Bitcoin being used for payments, as it is now accepted at retail giants such as Crate and Barrel, Nordstrom, Whole Foods, Starbucks, and more. Also, it is rumored that eBay will begin accepting cryptocurrencies such as Bitcoin for their 179 million customers as well.
Moreover, data from Google Trends shows that interest in Bitcoin is near an all-time high for 2019, indicating that people are eager to learn more about Bitcoin’s potential.
All in all, there are countless things happening right now that are spiking mainstream interest in Bitcoin, and the reasons mentioned here only scratch the surface. Therefore, Bitcoin’s future is looking very bright, and its price may take off faster than anyone ever expected.
What do you think is the biggest contributor to the world waking up to the potential of Bitcoin? Let us know in the comment section below.
