Despite an irresistible nature of bearishness in both the sentiment surrounding Bitcoin (BTC) and its value, there are numerous milestones projected to be met in the next one and half years that could initiate another bull run.
Enhancements to the BTC infrastructure appear to be taking place at a heightened speed. Nevertheless, the value of BTC has not corresponded with these improvements yet.
The 2017 Bull Runs
It goes without question that 2018 has been a year of reality checks for most BTC enthusiasts. The excitement of 2017’s classic bull runs appears to greatly ignite a lot of pessimism, and the market view about cryptocurrency is less expectant than ever in the minds of partakers.
Nevertheless, as Twitter user- Conan O’Bitcoin- observed that BTC attained its best-ever value without the developments that we have seen in 2018.
The Current BTC Optimism
There is undoubtedly a lot to be expectant of BTC right now. The giant digital currency has seized the attention of some of the biggest banks that were once suspicious about it.
In the remaining three months of 2018 and part of 2019, there are many activities scheduled to take place, which will spark a bull run.
First, there is the Bakkt platform with support from ICE, Microsoft, and Starbucks. This platform is thought to facilitate BTC exposure for retail and institutional investors. It is scheduled to be launched in November.
Secondly, Goldman Sachs are sightseeing how to set up a trading desk and a custody solution to the crypto market. These two projects from this financial giant will certainly instil confidence to others that BTC is there to stay.
Thirdly, Morgan Stanley and Citigroup are on the verge of developing BTC futures and derived products. These inventions will evidently bring provide stability to the volatile nature of BTC.
Apart from the mainstream financial interest in BTC, there are also technical thrilling advancements underway. The Lightening Network continues to make progress and more extra channels available day by day. The upgrade will enable Bitcoin to process more transactions before the next bull run.
There are many ongoing undertakings that could act as catalysts for value improvement. Seemingly, the clouds are dark for the next BTC bull run.
