During 2018, Bitcoin (BTC) experienced a bad year in terms of price performance. Nevertheless, Bitcoin’s fundamentals behaved and performed very well compared to its price. Jameson Lopp, the CTO at Casa has written a complete report regarding Bitcoin’s performance during the last year.

He explained that taking into account other metrics rather than the price, Bitcoin performed very well in 2018. This shows that Bitcoin is growing fast, even during bear markets when investors are not as active as during bull markets.

For example, the number of Bitcoin ATMs increased 100% just in 2018 and the network hash rate has also grown during the year. The same happened with Segregated Witness (SegWit) and also the Lightning Network (LN).

According to Michael Novogratz, a recognized investor and crypto supporter, Bitcoin will continue to be the dominant currency in the market for a long period of time. This is due to the fact that there are some institutional projects being built around the most popular digital currency in the market.

Thomas Lee, the head of research at Fundstrat Global Advisors, has always been very positive and bullish about Bitcoin’s price. At the same time, he mentioned that institutional investors allowed Bitcoin to outperform other cryptocurrencies.

There are several companies that are very interested in Bitcoin. One of them is the Intercontinental Exchange (ICE), which will soon be launching the so-called Bakkt platform. Bakkt will be offering physical-backed futures contracts with Bitcoin. It is also possible for Bitcoin to see the approval of the first-ever Bitcoin exchange-traded fund (ETF).

Moreover, during 2018, altcoins fell even harder than Bitcoin and experienced difficulties within their networks. As the founder of ethhub, Eric Conner, says, several low and mid-cap coins have 51% attacks and exchange delistings. He believes that this will continue to happen during 2019.

A few days ago, Ethereum Classic (ETC), a top 20 digital asset, experienced a 51% attack with double spends that resulted in the loss of several ETC tokens.

Although several ICO tokens and altcoins were created during the last year, Bitcoin remained the strongest asset in terms of fundamentals. Developers keep working and it was able to resist a very hard bear market. In the future, Bitcoin seems to remain as the leader in the crypto space.

Get Free Email Updates!

*Action Required* Enter Your Email for Trending Crypto News & Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \\ Investment Disclaimer

Coin Market Cap Price Change 24 Hour Volume
BTC $202.58B $11,393.8200 4.20% $8.89B
ETH $33.02B $309.6475 0.46% $2.99B
XRP $19.74B $0.4638 0.80% $676.89M
BCH $8.4B $470.6453 0.32% $392.59M
LTC $8.25B $132.2888 -0.90% $1.07B
EOS $6.45B $7.0050 -1.49% $936.17M
BNB $5.15B $36.4496 -1.60% $181.6M
BSV $4.21B $235.5118 0.93% $176.95M
USDT $3.52B $0.9957 0.05% $7.64B
TRX $2.51B $0.0377 -0.66% $348.33M

Get 3 Free Bitcoin eBooks for Limited Time Only

Receive three exclusive user guides detailing a) What is Bitcoin b) How Cryptocurrency Works and c) Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.