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Bitcoin: Widespread Adoption Could Drive Prices Much Higher – Bitcoin USD (Cryptocurrenc…

11 Sep Bitcoin: Widespread Adoption Could Drive Prices Much Higher – Bitcoin USD (Cryptocurrenc…

Posted at 20:11h in Bitcoin News by

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Source: Sputniknews.com

Bitcoin’s Path To Widespread Adoption

The world is a big place, unfortunately there are not that many Bitcoin (BTC-USD) to go around. Last winter we saw a prelude to what can happen when people in mass want to acquire Bitcoin, the price skyrockets. However, since then Bitcoin’s price has corrected by approximately 70%, and now that it’s close to production cost could represent a level much closer to fair value. Still though, the Bitcoin marketplace is a relatively small market, with almost exponential growth possibilities.

Bitcoin 1-Year Chart

Source: BitcoinCharts.com

So, what will happen in future waves of buy interest and popularity increases? What will happen when substantially more people decide they want to own Bitcoin in the future? Fortunately, Bitcoin can be broken down into much smaller units, Satoshis. And when all the Bitcoins are mined there will be about 2.1 quadrillion Satoshis someday. This is roughly comparable to the approximate 3.7…

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