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you might be thinking big quoins price is stagnating and honestly it is to a certain degree but that's not necessarily a bad thing. I want to see stagnating I mean it's been treating relatively side ways for around a week or two now. However over the past month big queen is still up over thirty percent which in terms of relative growth is honestly quite do it now other crypto currencies have of course succeeded that and other have fallen short of the coins growth. But I'm honestly quite happy to see that the person pick one is still gaining ground and it's honestly doing. so a bit more slowly than it has in the past now in the past I've talked about how big point really needs to gain ground a bit more slowly and steadily in order to be truly viable and in my opinion taken more seriously. As an asset or as an investment I think wanted to pour out of the corner right now because it does tend to be a little follow tile and many people won't even give pick one second thoughts because of that potential volatility. However today I would be covering three things that could push back wins praise farther or even higher up in the future I personally think you could retake its previous high of roughly nineteen thousand dollars that we saw in December. I think the court has a lot of growing room what to do in this article I'm going to explain why so the first thing that the coin really needs to push higher is higher adoption rates of the coin itself into needs hired option rates as a store of value and as a medium of exchange two functions common among conventional currencies.
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That in turn will take a better security infrastructure and as the CEO of Blok star said quote assuming per coin will be used as a store of value going covenant a correct shelter infrastructure over our prince the undivided crypto ecosystem will be needful for leod to ground hope in this unaccustomed fiscal media and dislocate second-hand it consequence quote. And he goes on to say once this happens more people will jump in so scalable infrastructure will be crucial. And while better infrastructure and security system related the coin will improve its function as a store value it won't necessarily improve its function as a medium of exchange and with that being said what will protocol hits since that will stabilize book. once every day value and Christian ferry the CEO of black star goes on to say if new enhancements are done to the protocol to allow the coin or fork over there of to become a medium for everyday transactions for example buying a watch a with the coin will need to stability mechanism in place on top of security and scalability mentioned. Above and he goes on to say this with the water won't cost you five dollars today and fifty dollars tomorrow.
So to recap the things that we need so far are better security infrastructure and protocol enhancements that will enhance the everyday value and help stabilize the everyday value of the bitcoin. so the second major thing that could help the corn reached new highs is the inflow of institutional money into crypto index funds now poll a tailor the executive president of structure monastery is observe as saw the power of rhino from institutions putting stamps into crypto lickpot accumulation will motive a waterfall inducement the cycle per second to precipitate in end. Darren marble of crowd fund acts agrees quote at this stage institutional investors hold the key to big points growth and quote concerns about liquidity security counterparty. risk and custody of assets have so far prevented to to some of the best routes from buying the coin on decentralized exchanges and quote. For this situation to change a host of regulated exchanges must go online and mobile goes on to state only one regulated exchanges. such as to use your own pointless for even nasdaq go live with their secondary critter trading platforms well the smart money begin investing directly into the court once this occur the floodgates will obvious and we'll see a modern pattern of birchen the crypto mart match will transcend one billion dollars and entice by unaccustomed all repetition highs of the bitcoin. Now the third and final thing that could really boost the coins price into the future is theproliferation of crypto related swap practiced reserve or ETFs crypto told swap practiced capital may like for herbalist jobbing through agency description. which would also bring to tramp the charged for massive prick and other crypto currencies.
The scriptory is on the bail with so much impetus inclosure the bitcoin and other digital currencies in my notion it's only a significance of measure before reward reverberate again says Chris Klein co founder and CEO of the coin irate.com. And only I think that ETFs would also make a big difference a lot of smaller investors are interested in more institutional style investing I think would be honestly very interested in des Moines ETFs and other crypto currency ETFs so to recap all of these points. We need a better infrastructure for trading and decreased ability with the coins are kind of one points together we need institutional money coming in to pick one to stabilize things and help encourage other investors and we need more crypto he upped. All such as it would relate come into play and they help the bitcoin developed more as a currency I really think that they can make a huge difference and they call it in my opinion honestly pushed even farther into the future. I do think that the court will return to its original high it's difficult to say. How soon it will return to its original high but I do think that it's headed there. so anyway folks as always only heard all of you have to say about this let me know what you think the court needs to do to return to its all time high prices.
Thank You
Steemian