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This enables large investors to put pressure on Bitcoins price in a way not seen before. In other words, the introduction of Bitcoin futures on December 17th 2017 led largely in subdued returns to Bitcoin going forward.Moreover, with many Bitcoin ETF proposals submitted to the SEC this year we begin seeing a trend that is somehow concerning for our Bitcoin price forecast.  According to a bodily Bitcoin ETF was rejected in April of the year.  On August 22nd the SEC made a decision to reject 9 more Bitcoin ETFs.

All of these funds sought to use futures contracts to get exposure, with a number of planning to brief Bitcoin. The regulator had a hard-deadline to deny or approve each one of these products during the next month; their orders to record had been pending since December and January.  Investors hopes to get a Bitcoin ETF now rest on just one fund from VanEck Associates Corp..

The ruler this month pushed back a ruling on such product until at least September and could ultimately undergo February to make up its own mind.What we see is an emphasis on non-physical Bitcoin ETFs. The ETFs that are filed are mainly derivatives. They can go short, or are correlated to Bitcoin futures.

Only physical Bitcoin ETFs are great for the Bitcoin marketplace, derivatives bring a market to another state.On the flipside, but institutional investing is most likely going to enter Bitcoin in 2019. Think of the Bakkt platform in addition to the Nasdaq offering cryptocurrency investing to institutions. Thats a positive.All in most we consider increasing derivatives in Bitcoins market will place pressure on returns.

Bitcoin usageAs per the Bitcoin usage and adoption statistics on Statista.com the ownership of Bitcoin is still very low, slightly but not much higher than when we published 10 Investment Tips For Cryptocurrencies Investing 18 months ago.The 3 stats shown below, however without precise statistics as thats only available for premium members, reveal that Bitcoin ownership was quite low in the U.S.

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Adults planning on investing in Bitcoin is obviously a phenomenon for the younger generation which likely crypto a commodity of their electronic age.Moreover, when it comes to Bitcoin ATMs worldwide, we see a stagnation in the past couple of months. This is the first sign of stagnation. It indicates to us that the idea of using Bitcoin as a payment procedure is being challenged right now.

This, of course, is crucial information for out Bitcoin price forecast for 2019. Bitcoin as an investment is maturing, with futures being introduced and other derivative products coming online in 2019 and beyond.Bitcoin adoption as a medium for transaction is not likely going to continue. Bitcoin does not have the mandatory features of a payment method.

The old generation is skeptical.That said, and according to InvestingHavens blockchain & crypto investing study, Bitcoin evolved early this season into the leading indicator for Clicking Here the crypto market. We began writing about this in February, since the crypto crash was going on. Many crypto investors made a large mistake by focusing on the wrong indicators for the crypto market.

Nothing more, nothing less.Obviously, if that is accurate, it yields crucial information for any crypto related investment, not only cryptocurrencies but also blockchain stocks.Our Bitcoin price forecast for 2019: $25,000With all the insights laid out in this article can we do a Bitcoin price forecast for 2019 Yes, is the answer, and also our annotated long term Bitcoin price chart should help us with this.Below is the 4 year graph of Bitcoin.

Note that Bitcoin never dropped into its support band, implying there was plenty of downside potential before the long term bull market could be over. This certainly is not the way crypto investors felt about it, on the contrary.Bitcoin is now trending in its transition band, since May of this year.

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Arguably, when the next strong period of momentum in crypto land starts, Bitcoin will proceed to its bullish band. However, with insights laid out in this article we dont find Bitcoin going into its super bullish band though.Thats why we think that it is very realistic to anticipate $25,000 as a realistic Bitcoin price prediction for 2019, assuming the crypto crash is finished.

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Bitcoin could still attain 50,000 USD in 2019 however, it has to clear a couple of important resistance levels. And really soon. We still maintain our (very) long term Bitcoin price prediction of USD 160,000 and believe that in 2019, we might see Bitcoin Price hit 50,000 USD or cross over.