- Consumers are gaining more faith and positive opinions of the future of Bitcoin.
- At the time of writing, Bitcoin was trading at $7,779.41.
Bitcoin has been around for ten years now, and it has gone through its share of ups and downs through the years. Presently, the token has been getting a lot of attention for the recent surges in price, presently trading at $7,779.41, as of 12:22pm PST, after losing 2.62% of its value in the last 24 hours.
The technology is still new as well, but that has not stopped multiple industries from adapting it to their own needs.
When Bitcoin first came into the financial market, it was worth next to nothing. In the time it has been around, it has reached over $19,000 in value for a single BTC, and now back down to its current price level.
The CME and CBOE exchanges brought forth Bitcoin futures in December 2017, which was the same month that Bitcoin reached its highest price. At that time, institutional investors and retail investors alike gravitated towards the assets.
In a new Forbes article, it looks like Bitcoin is reaching a positive level of maturity as an investment tool.
Bitcoin itself has been mentioned in multiple posts on various social networks, and the number of mentions is increasing, As the posts increase, the apprehension and fear amongst investors appears to be decreasing, showing posts with future-focused ideas on the asset. Formerly, most of these posts have been about Bitcoin’s past instead.
Since Bitcoin’s highest high at nearly $20,000, the token dropped about 85% of its value in last year’s market. However, as consumer confidence grows, the circumstances appear to be changing, moving into an upward trend in Bitcoin’s value.
Indexica, the company that performed the research for Forbes, showed that Bitcoin is being discussed with similar respect to that of regular shares and stocks. Furthermore, the mentions of the 2017 bull market are decreasing as well.