Much is regularly reported on the Bitcoin exchange rate and talked. This developed to 2019 strong. Currently BTC with 96% in the Plus compared to the beginning of the year. While this is a pleasing, had some Bitcoin Fans even more for 2019 desired. But what is far more important than the price trend, are the fundamental values of the Kings Coin, which developed this year, magnificently. Under the assumption that the price of an asset is approaching long term, the fundamental value, we can expect for the future Large. The Bitcoin price Explosion is coming in 2020?
Contents
Bitcoin’s Fundamental value in 2019 as strong as never
Despite the excellent development this year, all of the Bitcoin can look back Fans on an even more prominent development of the fundamental values of Bitcoin. As the Crypto-analysis of the company “trade block” in some Posts out, these were 2019, in many cases, as strong as never before. Special mention to the transaction volume, the transaction number and the hash rate here.
#Bitcoin has had a record 2019 with transaction count, transaction volume (USD equivalent basis), and hash rate reaching new all time highs this past year. pic.twitter.com/hSGXyeq4JR
— Trade Block (@Trade Block) December 26, 2019
Play now for free the world’s leading Social Trading network. Copy on eToro’s most successful traders and benefit from their Expertise or trade a variety of Assets such as crypto-currencies, commodities, and stocks. Create a free Demo account with$ 100,000 and see for yourself!
Transaction volume
How to trade block announced in the Post, has been transferred to 2019, the value converted in USD, than ever before in the history of Bitcoin.
The aggregate annual Bitcoin transaction volume in USD equivalent based on high reached in the year 2019, a all-time high.
This includes a peak of over 500 million dollars in a day by the end of July, after an individual network participants sent 20,000 of Bitcoin on Bitfinex. These Figures are evidence of the growing dominance of the BTC and show that it is actually also used as a Medium of Exchange.
Bitcoin Transaction Number
Another fundamental value of Bitcoin, which has developed in this year is excellent, the number of transactions. This analyzed the trade block. According to the data of the analysis company of this value could show a strong decline in the year 2018 a recovery.
So approximately 12 million transactions were sent in the strongest month of may by the Bitcoin network. The previous all-time even exceeds the high of nearly 11 million transactions in December 2017.
Hashrate
Several times the hash rate, this year reaching new heights. 21. December reached the Hashrate its previous all-time high of 113 TH/s. This shows that miners are looking very optimistic into the future of Bitcoin and to invest in Hardware to be able to have more computing power in the network plug.
Apart from this positive Sentiment, the Miner, the flights of the Hashrate still have something Good. Due to the increased computing power of the Bitcoin network is generally more stable and could, in theory, attacks better.
Follow the Bitcoin price in 2020?
With such a strong development of the most fundamental values of Bitcoin could be almost of the Kings my Coin brings a new year of 2020 and a new decade with a strong Performance in position.
As we reported, was BTC in the last 10 years of the course development is the best Asset. Bitcoin hit all the traditional asset classes like Gold, real estate, stocks, or bonds lengths.
Of course, no one has a crystal ball that can tell with certainty where the exchange rate is today in a year. Nevertheless, we can look forward to a strong year in 2020. Just below the aforementioned point of view that the course should have long-term consequences of the development of the fundamental values. Certainly the Halving in may 2020 will contribute to ensuring that Bitcoin will be rarer and the value will be full.
Would you like to place you in Bitcoin before the Halving in the market?
On the award-winning and award-winning platform from eToro you can do this! In particular, for beginners, the platform provides one of the best User experiences in the world. In addition, you can not only rising but also falling share prices!
Just try it out and get in, instead of just reading!
75 % of private CFD accounts lose money. No EU investor protection.
How do you see the development of the course in comparison to the Fundamental value of Bitcoin?
You look better Videos to read the article? Then look at our Youtube Channel over.
(Image Source: Shutterstock)