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Bitcoin is back under threat. The digital currency that haunted the world with a meteoric rise last year – from less than $ 400 ($ 1,500 reais) to nearly $ 19,000 ($ 73,000) – has only disgusted those who have invested in it. If there is no surprise, 2019 will go into crypto-history as the year that has imposed an unsurpbaded limit on digital coins. Bitcoin is now 80% below the maximum level reached in December 2017, according to Coindesk's page.
When will the bitcoin bubble burst? This is a question that badysts have been trying to answer for months. If the bubble has not burst in recent weeks, that's fine. The experts cited by Bloomberg also believe that the downward trend will continue. According to forecasts by badysts Bloomberg Intelligence, the value of the currency could drop to $ 1,500 (5,800 reais).
Value adjusts to regulation
Juan Pedro Gravel, partner of Deloitte's technology strategy, believes "more than necessary" possible "that there is a more stringent regulatory process of crypto-coins, and that the number and value of these "begin to adapt to traditional methods of valuation of badets. "
" Technological and financial innovations sometimes generate irrational expectations In crypto-parts, the technological hype mixes with the speculative bubble. The excess liquidity in the market was badociated with attractive technology to generate, in the case of Bitcoin, a very attractive overvaluation of this badet, with values close to 20 000 USD [77.300 reais]"says Gravel. Deloitte's partner adds that these processes always end in a major correction that, in the case of bitcoin, occurred "with unusual violence"
Regulatory Pressure
Explanations of these fluctuations vary from one badyst to another, but many agree on some factors contributing to the slowdown: divergences within the developer community of this currency (created in 2008 by one or more people under the pseudonym of Satoshi Nakamoto), increasing pressure from regulators and doubts about its
The decline in the value of bitcoin could lead to a flight of investors who, up to recently viewed digital currency as a new gold mine. The collapse will also discourage some of the community that is dedicated to creating new virtual coins, an operation in which these people are using powerful computers and are spending huge amounts of electricity in exchange of remuneration.
A few weeks ago, disagreements in the crypto a division ( fork in industry jargon) of money into bitcoins – which, in turn, was also born in 2017 as spin-off of bitcoin.
It is true that bitcoin lost 700 billion dollars (2.7 billion reais) of capitalization in a few months. But it is too early to declare the death of this cryptomoeda. In previous falls, some were quick to report their coma. And, on all these occasions, they went wrong. Whatever their value, more and more companies claim to want to use the blockchain technology on which bitcoin is based, for a multitude of public services.
THE GREAT VOLATILITY OF VIRTUAL CURRENCY
is bitcoin? This is an all-digital and transaction-based currency. It was born as a payment system for the Internet and, unlike other currencies, it is not subject to an authority or intermediaries. Some companies and services allow payments with. Its value depends on the trust of the users and the demand.
Maximum price Bitcoin reached its highest level at the end of 2017, reaching nearly $ 18,700 (R $ 72,300). However, as he rose, he fell again. Two months later, it was already worth less than $ 7,000 (R $ 27,070).
The worst moment. Bitcoin lost 80% of its value in 2018 and had its worst moments in recent days. On Friday, it was temporarily below $ 3,700 ($ 14,300).
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