Bitcoin is not an ordinary currency that used to be a bitcoin price in 2015 is still in the value of $ 200. Remarkably, bitcoin never dropped to the lowest level. Bitcoin is now not a currency considered by the eyes of the world community, because so few people have and now more than a million people have bitcoin in their wallets.
which marks the high of this currency is the trend of bitcoin value stability. As the most valuable currency, bitcoin has five reasons that cause bitcoin values to increase.
1. Price and value Bitcoin is designed to increase over time
The US dollar and any fiat currencies that come to mind nowadays are always diminishing in value annually with inflation, which is an addition to the supply of the currency itself. Bitcoin, in contrast, is designed to experience deflation. Bitcoin supply is reduced every four years, known as Bitcoin "Halvings", where the amount of Bitcoin produced by the system every ten minutes will decrease by half. Currently, there are 12.5 BTCs emerging from every block per 10 minutes and will continue to decrease until no more Bitcoin is printed by the system. The US dollar has no limit on the amount of its production so that its supply may increase and inflation arises because there is a policy from the government or central bank that says so. Inflation policy is usually applied to pay debts or pay losses due to war.
2. Saturation in using paper money
With the condition of the globally accessible Internet and the many cases of paper currency collapse in various countries (such as Greece, Cyprus, Venezuela, Argentina, Zimbabwe and others), there are now more and more people who want a better economic system not vulnerable to failures that hit the previous paper currency. Mexico and Ecuador are in discussion to emulate Bitcoin blockchain technology and create their own digital currency. China has also met several times with Citibank and Deloitte to do the same. Tunisia, a country in northern Africa, has even implemented Blockchain-based economies in their own country and Japan has categorized Bitcoin as a currency like the Yen.
3. Wall Street / The Giant Company still has not plunged into the world of Bitcoin
Blockchain's technology that drives Bitcoin has always been hailed on Wall Street, not Bitcoin itself, and the cause is well-founded. Bitcoin is often involved in scandals and has problems with regulation in some countries, so it can be viewed as something that is still at stake in the financial world. PayPal admired the concept of Bitcoin, but has not made this coin a central part of its business. Microsoft and Dell are examples of great players in Bitcoin's world, but until a massive adoption takes place among merchants or is forced to happen by such a huge economic push, Bitcoin will still be considered a stranger, not as a best bet.
4. Paper currency increasingly unused and will be replaced with digital payments
Various countries around the world have started to follow the mainstream stream that increasingly uses digital payment systems and getting away from the paper currency thanks to the subtle restrictions as in this article. They may do so to control all economic transactions and also to record and apply taxes on every future transaction, but consumers will gradually realize that Bitcoin can be the best digital currency option for them. Bitcoin is not yet widespread and currently it is still developing a variety of new applications and protocols for future use, so the potential that has not yet emerged is still enormous. We just rub the surface and have not shown what Bitcoin can really do to the outside world. Currently the price of Bitcoin moves almost to the level of 670 US dollars per Bitcoin, or at least in the future will break through that figure. Whereas five years ago, the price of Bitcoin was only 0.30 US dollars.
5. The Global Reserve Currency is losing its value, while Bitcoin's value is growing
When the US dollar loses a value of 5-10% per year, unlike the government says that the US dollar loses only 1-2% per year, Bitcoin's value against the dollar will increase. And when, instead of, the US dollar loses its status as "Global Reserve Currency", people will flood the Bitcoin market to get this coin. Since Bitcoin is not bound by any state or economic paradigm run by the banking system, Bitcoin can stand sweet on the periphery while seeing its value go up, just like Gold and Silver, while the financial system that we know from generation to generation is getting destroyed over time. It can not be denied that this 'Digital Gold' has generated enormous profits to Bitcoin owners in the last six-seven years.
