5 factors to bring Bitcoin "go to the moon".

In the first three months of this year, bitcoin investors were upset when Bitcoin prices fell below half the highest level ever. The "market leader" is trading around $ 9,600. Can Bitcoin even reach and exceed its previous peak? Surely it is possible because of the following 5 factors.

Good security:

As suggested by Forbes, the first thing that can make Bitcoin jump is to use it as a regular currency - meaning that Bitcoin will become a means of trading like paper or gold. However, for this to happen, BTC must build a more user-friendly and secure infrastructure.

Christian Ferri, President and CEO of BlockStar, said:

Assuming Bitcoin will be used as a valuable repository (for example, digital gold), a better security infrastructure will cover the entire pre-encoding ecosystem so that people will believe in it. Use this new financial tool and start using it. When this happens, many people will jump in, so the expansion of infrastructure will be very important.

Stable price:

Ferri also noted that security enhancements were not enough to make Bitcoin a popular currency. To act as a legitimate auction, the value of the BTC should be stabilized by the protocol improvements.

He said:

If new improvements were made to the protocol to allow Bitcoin to become a common medium for day-to-day transactions (such as Bitcoin purchases), we would need a stable mechanism with a level of protection confidential and scalable as mentioned above. In this way, your cup of coffee will not cost $ 5 today, but $ 50 tomorrow.

Investment organizations:

Third, Bitcoin needs a "big cash flow" to bring it to new heights. "Large Cash Flow" refers to the institutional investors.

Paul A. Taylor, executive director of Fabric Foundation, told Forbes magazine:

Money from organizations is a piece of "bait" to "lure" cattle rushed in.

Darren Marble of CrowdfundX also agrees with the above:

At this stage, investors / organizations are the key to Bitcoin's growth. Concerns over liquidity, security, counterparty risks and asset ownership prevented investors from buying Bitcoins on decentralized exchanges.

Regulations:

Since regulators are concerned about the pre-coding market and regulations are in turn introduced, it is time to see large groups / investors pay attention to the industry, since Investors have nothing more important than the safety of property. In fact, trading rules need to be introduced for pre-coding services to attract more large investors.

Marble told Forbes:

Only if the rules of direct trading affect the trading floor, the cash flow then began to flow directly into Bitcoin. When this happens, we will see that the total capitalization of the pioneering market will exceed $ 1 billion and be driven by huge amounts of Bitcoin.

Investment Fund (ETF):

The last important factor to bring the "leader" of the world of coding to the next level is the launch of inter-denominational funds - or ETFs.

Chris Kline, co-founder and COO of BitcoinIRA.com, told Forbes:

Encryption-related transaction funds may allow simpler transactions through brokerage accounts, which also help Bitcoin and other coiners raise prices.