Bitcoin Trends 2019

17. February 2019 at 23:38
filed under News

Investors and enthusiasts are likely to find that several Bitcoin trends are discernible for 2019. Here are some of them. – Source: www.bestbitcoinexchange.net

The number of Bitcoin ATMs will increase

Reports indicate that 2019 will be the year Bitcoin ATMs are launched in major cities. Chicago recently received 30 new ATMs, bringing the total number of Bitcoin ATMs in the city to nearly 100, Philadelphia now has about the same number.

Interested individuals can create accounts with LibertyX, a provider of Bitcoin payments. Once the approval process is complete, their debit cards can be used to purchase up to $3,000 a day of Bitcoin from ATMs.

The Bitcoin ATMs could encourage people to use Bitcoin for the first time or to look more closely at the crypto currency. Most people are used to using ATMs to cover their financial needs, so getting Bitcoins from an ATM is not a big step. Even in the DACH region a lot has changed in the last few months, so we can still expect a lot in the Bitcoin ATM market.
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In addition, through the physical Bitcoin ATMs, the Bitcoin brand becomes more present. So far, it is far too rare to find a “Bitcoin accepted” poster in a shop.

Increased participation in institutions and banks

Another trend in 2019 could be that banks and central banks become more and more involved in the crypto market. On the one hand, to generate additional income from this new sector and to satisfy their customers, and on the other hand, to buy Bitcoin to supplement their own gold reserves.

During a presentation at the first Bitcoin Summit in Israel, Bitcoin pioneer Nick Szabo outlined the reasons why he thinks more countries will use crypto currencies, especially in places where there is political unrest and financial instability, as can already be seen in Venezuela. He also believes that central banks will begin to supplement their gold reserves with crypto currencies.

There will be some situations where a central bank cannot trust a foreign central bank or government with its bonds, for example. One solution that has been developed is that the federal government [Switzerland] thinks it is for you – this is not a trustworthy solution. The Swiss government itself is under political pressure, so a trustworthy solution is the crypto currency.”

In 2018, Christine Lagarde, Managing Director of the International Monetary Fund (IMF), said why central banks should issue crypto currencies. This trend may not be fully implemented by 2019, but it will show that central banks should not shy away from Bitcoin and the crypto industry in general.

Just this week, JPMorgan announced its own “digital currency” called JPM Coin. JPM Coin is not a crypto currency and should not be called such.

Apart from banks and central banks, institutions are in the starting blocks. We reported yesterday that investments by institutions have increased in the last quarter and Mike Novogratz, former Goldman Sachs executive, and Bitcoin supporter, are sure that institutions are waiting for a professional custody solution from Fidelity or Bakkt. Fidelity’s service will be launched next month and institutions will follow suit in the coming months.

Bitcoin moves into mainstream thanks to smartphones?

A look at the plans for future technology brand devices shows that there will be a boost for smartphones with integrated wallets that store Bitcoin and other crypto currencies. In late 2018, HTC announced Exodus 1, which is a blockchain-focused smartphone with a wallet.

Rumors are also circulating that the Samsung Galaxy S10 will have a crypto software wallet called Samsung Blockchain KeyStore. It actually seems that the smartphone market will penetrate more into the crypto market to attract customers, but this also means that the infrastructure around Bitcoin will continue to be strengthened. What better way to see a trend than in the smartphone market?

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