Post
Topic
Board Economics
Re: Why the Bitcoin is still down?
by
metalglowd
on 07/02/2019, 18:02:03 UTC
Personally, I think that mass adoption is going to push the prices up and reach a new ATH. As the supply is limited, by increasing the demand for Bitcoin is going to have a significant positive effect in its price. We should try to integrate Bitcoin as a way of payment method in e-commerce businesses at first. This is very easy and it can show results directly to the market.
That is certainly because if more and more people adopt Bitcoin on a large scale it will encourage bitcoin to experience a high price increase, because the less bitcoin supply is as expensive as it is

it is still not proven whether this mass adoption will really change the market conditions about high demand, besides the current condition of the market and the hype also weakening