A bit of discussion about the development of Bitcoin
We can say that Bitcoin is, deservedly, the most popular and best-selling product of 2019. That’s right because cryptocurrency indicators currently show growth of about 90% per year. That is why Bitcoin can be recognized as the number one cryptocurrency in the world.
Speaking about volatility, it is worth noting its positive growth, this can be judged, for example, by such statistics: 150 days in 2019 showed gains or losses of less than 1%.
Let us dwell on volatility since this indicator of cryptocurrency should be given special attention in this particular case. It is worth emphasizing the fact that Bitcoin’s volatility progressed 50/50 this year: in the first half of 2019, it fell sharply, and in the second, on the contrary, it showed rapid growth.
However, a key metric may cast doubt on the accuracy of this narrative – the number of daily active addresses on the Bitcoin network. This figure increased by only 7 percent in 2019, despite a steadily growing increase in institutional interest and awareness about bitcoins.
Bitcoin: a safe bet
BTC also continues to outperform assets such as gold, oil, US stocks and real estate, adjusted for risk. Although this ratio steadily declined in the second half of the year, the new maximum reached in the network hash, December 23, may indicate that Bitcoin will soon improve this indicator.