In the cryptocurrency world, negative trends tend to skew people’s perception. More specifically, everyone is focused on the current Bitcoin price dip. It makes them lose track of the bigger picture, which still paints a very promising future for the world’s leading cryptocurrency. A lot of positive things will happen in the next few years, regardless of the current Bitcoin or future Bitcoin price.
The Bitcoin Price Dip is Temporary
If history has taught us one thing, it is how the Bitcoin price tends to bounce back strongly. We see big dips every single year and often end the year with an all-time high. This cycle has been present for some time and seems destined to repeat itself. Speculators may feel differently about that outlook right now, though. This recent Bitcoin price dip has a lot of people concerned, even though things will be just fine.
More specifically, every Bitcoin price dip is a new buying opportunity. Lower prices will attract new speculators and investors alike. This is the way it has always been in the financial sector. Cryptocurrencies are no exception in this regard. Everyone knows Bitcoin hit $19,000 last year. There is no reason to think we won’t see that price again in the future. It may not happen in 2018, but it will eventually happen again. Some people even predict a BTC value of $29,000 by the end of this year.
Fueling the future Bitcoin price growth will be some major technical developments. Most people already know SegWit adoption is increasing as we speak. This leads to lower fees, normal confirmation times, and transaction batching. All of these trends are incredibly positive for the world’s leading cryptocurrency when looking at it from a long-term perspective.
Other Major Developments on the Horizon
SegWit alone will not make Bitcoin great again, though. It does pave the way for the Lightning Network. This scaling solution seems to be closer to a main net release every single day. When it goes live, it