After three months of not being so productive, Bitcoin lost more than half of its highest value in its history. However, after all the declines, it has started to show some promises. It is currently trading around $9000. In this article, you can find five things that will allow Bitcoin to raise its price back to the range of $20,000.
1- Large investors should come
It is considered essential that Bitcoin’s entry into a large investors’ capital like the currency did in December 2017 so that it can once again recreate his record. Paul A. Taylor, president of the Fabric Foundation, who believes that traditional stock markets and big players in the investment markets are coming to the crypto money sector will be quite positive for Bitcoin prices. He said the industry needs big money and big money means big investors.
2- Stability in Prices
Obviously, only large investments will not power people to summon Bitcoin. In order for this target to be realized, a serious stabilization of Bitcoin prices is also considered as a must condition. President and CEO of BlockStar Christian Ferri thinks with the stability in prices, the use of Bitcoin will be encouraged and will be more powerful in the mainstream system.
3- Issued Stock Exchanges
Certainly some very wealthy families have invested in the sector to buy Bitcoin and some continue to research but one of the areas that will make a difference is the participation of institutional investors in the buck. Of course, for this, institutionalized and big companies need some security measurements. The security holes, hacking and other thefts of the current markets of the cryptocurrencies are obviously important factors that keep these investors away for the moment. However, changes may come with the regulation of the stock markets on the legal grounds and regulated exchanges.
4- Entry of the Exchange Traded Funds
Entering of cryptocurrency-based exchange-traded funds into the business could be a significant development that will increase Bitcoin prices. This is what at least BitkoinIra.com founder Chris Kline thinks so. Kline said:
“Crypto-related exchange-traded funds may allow for simpler trading through brokerage accounts, which would also contribute to hiked up prices for Bitcoin and other cryptocurrencies. The writing is on the wall; with so much momentum surrounding Bitcoin and other digital currencies, in my opinion, it’s only a matter of time before prices rebound again.”
5- Better Security Substructure
Finally, in order for Bitcoin to really make a big leap, it needs some significant improvements, as the Forbes magazine states. One of them is, without a doubt, a thorough value and medium exchange. But the most basic thing that is necessary for them to take place and multiply the value of Bitcoin is a better security infrastructure. Ferri states that a safer and more user-friendly system is a must.