The trend of cryptocurrency in 2020
The currency of the world of internet and a hot topic of discussion all around the world; cryptocurrency has managed to grab the attention of almost everyone.
Out of all types of this currency, bitcoin has been the most active and updated. It was the first of its kind and it took the concept of first come, first serve rule quite seriously.
If you are one of those people who are always looking out for the stock market, then maybe you should also take a look at the trend of cryptocurrency in 2020.
Read on to know about these trends which deal with the different types of these cryptocurrencies.
- The Halvening
This is an event regarding cryptocurrency is something to look forward to in May. The number of bitcoins that are issued is reduced from 12.5 to 6.25 BTC when the bitcoins are successfully mined.
This currency was introduced by Facebook earlier this year but it won’t be available until the summer of 2020 at least. It is expected to have a potential user base of nearly 170 million in the United States alone.
It has been referred to as ‘digital gold’ for years and has managed to disturb the US government and a lot of others due to its value in such comparisons. Hence, if a centralized institution looks into the issuance of these bitcoins, then it will be better for the general public as well as the entire economic scenario.
Governments all around the world are working to legalize these currencies and come up with a system of surveillance for it. If you wish to know more about it your best bet would be to visit a bitcoin server hosting website.
Put up or shut up
Even though cryptocurrency is growing more and more in its own market, the question remains whether it would find its place in the real world. And 2020 would decide that as governments all around the world are working for it. After all the anonymity of these currencies is a matter of huge concern.