Price Watch: Bitcoin, EOS, Ripple, Bitcoin Cash, Cardano Gain Momentum

Mr. Smith presents three possible outcomes for Bitcoin's adoption and proliferation: Bitcoin Triumph, Bitcoin as Gold, or Bitcoin Bust.

Bitcoin futures are already available at CME, Cboe, and Goldman Sachs, and rumors of an impending Bitcoin ETF are picking up steam.

"So my prediction is that Bitcoin will stick around, experiencing repeated bubbles and busts, but slowly gaining in value. That is why I personally still own some Bitcoin."

At Bitcoin's peak, a single block was worth almost a quarter million dollars and miners may view the current market as a way to accumulate more Bitcoin at lower prices.

The upcoming Bitcoin "Halvening," estimated to occur around May 25, 2020, will decrease the block reward from 12.5 BTC per block to 6.25 per block - meaning miners may be trying to accumulate as much Bitcoin possible before difficulty further increases and rewards decrease.

CBOE Seeks SEC Approval for Bitcoin ETF. On June 26, 2018, the SEC received an application from CBOE Futures Exchange to launch the world's first Bitcoin ETF. One of the first to launch Bitcoin futures, CBOE Global Markets has partnered with Van Eyck Investment and SolidX to introduce a Bitcoin ETF to global markets.

Bitcoin Cash is up 8.54% over the past 24 hours.

Evidence purportedly captured by the Bitpico stress test demonstrated that 98% of all show nodes currently sit on the "Same server rack," which could potentially leave the Bitcoin Cash network highly susceptible to security threats or seizure.

While the Bitpico stress test may claim that 49% of all Bitcoin Cash nodes are operating on Alibaba facilities, conflicting statistics published by BCHNodes show a fairly even spread between the US and China-based nodes.

There are currently 2086* nodes running on the Bitcoin Cash network.