Bitcoin (BTC) is unpredictable - this much is known. The coin usually makes most of its gains in a year within a short timespan, usually a few weeks. Since Bitcoin’s inception in January 2009, there have been a series of rapid spikes, followed by years of stagnation or a bearish price drop. But BTC has always recovered and made new highs.
While June 2019 has not seen a new high, with prices getting close to $13,000, such a move is not out of the question. While prices may still spike and crash, the most recent BTC rally is happening in a very different climate.
Mainstream Finance Giving a Second Thought: While hardly anyone recognizes BTC as “money”, in 2019, it is certainly recognized as a new asset class. One of the attractors for mainstream investors is the appearance of custodial services. While the initial Bitcoin ethos was to keep the coins by controlling the private keys, experience showed that separate users were easily fooled, and wallet storage was not user-friendly enough. In 2018 and 2019, custodial services are expanding, offering good wallet practices and safekeeping. Coinbase Custody works for the adoption of BTC and multiple a...