Where’s the Floor?

Yesterday, we saw Bitcoin hit a low of around $7676 and then start climbing back up. We’ve seen Bitcoin fall significantly before and rise far beyond it’s previous high. With the exception of reasonable fluctuations, I believe Bitcoin is hitting its floor from the declining trend we’ve seen since the currency’s high of $20K in December.

Bitcoin and other cryptocurrencies will trend upwards with increased use of the currencies themselves and as the Blockchain is integrated into the financial sector. Large financial entities are moving towards cryptocurrencies as an asset class and embracing the Blockchain as a more efficient and trustworthy ledger system for transactions ranging from consumer purchases to multi-billion dollar bank transactions.

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