A large portion of the bitcoin currency has not been fully mined just yet. This has led the CEO of CoinShares to argue that the value of the currency will start to rise as the currency continues to evolve and grow with more miners involved. This includes the possible growth coming as the currency continues to be traded frequently with many of the available tokens on the market having run out in recent time.
CEO Ryan Radloff posted on Medium that the bitcoin is similar to that of Microsoft and Amazon in that the value might fall, but it will rise again. Amazon and Microsoft both experienced substantial declines in their share values in the early 2000s, but those two have grown to become successful investments and among the most influential in the world.
He also argues that many of the rises in the bitcoin’s value over time have come thanks to the currency becoming more commonplace. As new mining efforts and exchanges are formed, the general value of the currency starts to go up. This in turn may help with getting the currency grow and become more valuable to investors in today’s market.
About 17.22 million of the possible 21 million tokens from bitcoin have been mined. The process for mining the currency has become more complicated as further equations and smaller rewards are being produced out of mining efforts. But as Radloff and many others in the field argue, there is a chance for the currency to grow as the demand for the currency starts to become more intriguing and worthwhile.
The bitcoin has experienced a lull in its value in recent time. The currency has been trading at around $6,000 for much of the past two months. There have been some cases where it experienced slight growths in its value, but overall the bitcoin has not gotten past the $10,000 mark since March. The upcoming scarcity of the bitcoin and the increased effort involved with trying to produce tokens may end up causing the value of the currency to rise up once again.
The question at this moment relates to which types of investors are going to help get the bitcoin to move to the best possible highs it can reach. There is a belief that institutional investors may end up helping the bitcoin to move up in value and to become a more appealing investment for use. Part of this comes from those investors having more money to work with. Getting the funds ready may help with boosting the position of the bitcoin and with getting more people to purchase this.
However, the possibility of the value of the bitcoin changing should be noticed based on any regulations that come about and the market sentiment. But Radloff and many others are arguing that the possibility for the currency to move up in value will help to improve upon how well the currency is working and what people can expect to get out of it and its value as it continues to rise.
