Quantzig Predicts the Future of Bitcoin - Proclaims It a Gamble
October 20 2018 - 8:19AM
Business Wire
Quantzig, a pure-play analytics solutions provider, has
announced the completion of their latest article on the future
of bitcoin.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20181020005004/en/
The future of bitcoin. (Graphic: Business
Wire)
Bitcoin prices saw a sudden surge at the beginning of 2018, but
they have fallen by two-thirds over the past couple of months. This
makes the future of bitcoin highly risky and unpredictable for
investors. Bitcoins gained popularity due to the ease in the
transaction and the lack of a central governing body for bitcoin
transactions. However, the stability of bitcoin is at stake because
of increasing costs of bitcoin transactions and the lack of
widespread acceptance as a mode of transaction. But these reasons
do not suffice to ignore its relevance. Certain real-world events
such as regulatory status and technical advancements can prove to
be of importance when to comes to predicting the future of
bitcoin.
Book a Solution Demo to know how Quantzig’s data
analytics solutions can help you predict the future of
bitcoin.
“There are currently over 1500 cryptocurrencies including
bitcoin in the market and many more governments and central banks
are considering introducing their own cryptocurrencies, which will
directly compete with bitcoin,” says an expert from
Quantzig.
Continue reading to know more about the future of
bitcoin, or request for a free proposal to know how our market
insights can help you to analyze the scope of
cryptocurrencies.
Key factors affecting the price and
future of bitcoin:
Regulatory restrictions
Cryptocurrencies in the form of bitcoins have been operational
for almost a decade but the regulations in the sector are still in
its early days. Many people believe that the price of
cryptocurrencies will be negatively affected if governments start
regulating cryptocurrencies. Despite this, Japan had completely
regulated bitcoin in 2017 and, at present, has the highest trading
volume in the world for bitcoin. The wide use of bitcoin is a
positive sign for the future of bitcoin as more countries are
expected to follow the suit. To gain more insights into
cryptocurrencies and the future of bitcoin, Get in
touch.
Technological advancements
Bitcoin holds the top position in terms of reputation, market
capitalization, and real-world usage in the world of
cryptocurrency. But reasons such as delayed transactions, high
transaction charges, and the level of scalability may hinder its
acceptance. Moreover, the bitcoin network can only confirm seven
transactions per second; whereas, cryptocurrencies such as NEO and
Ripple can confirm thousands of transactions per second. So,
bitcoins need to be technically sound before becoming a global
payments system. To know more about the future of bitcoin,
request for more information.
Adoption and real-world usage
Other than Japan, few nations such as the USA and UK accept
bitcoins as a mode of payment. The future of bitcoin will look
better when it is accepted as an actual currency in retail outlets
and online channels. Also, the market value of bitcoin will
escalate if the real-world usage of bitcoin increases. To access
the complete list of factors affecting the price and future of
bitcoin, view the full article here!
About Quantzig
Quantzig is a global analytics and advisory firm with offices in
the US, UK, Canada, China, and India. For more than 15 years, we
have assisted our clients across the globe with end-to-end data
modeling capabilities to leverage analytics for prudent decision
making. Today, our firm consists of 120+ clients, including 45
Fortune 500 companies. For more information on our engagement
policies and pricing plans, visit:
https://www.quantzig.com/request-for-proposal.
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Press ContactQuantzigAnirban ChoudhuryMarketing
ManagerUS: +1 630 538 7144UK: +44 208 629
1455https://www.quantzig.com/contact-us