Cryptocurrencies may with a bull run higher than this past year and pass the trillion-dollar mark when it comes to value, experts told CNBC, following a recent violent sell-off across digital coins.

Bitcoin has seen a massive fall in recent days, dropping below $6,000 for the first time since mid-November. On Wednesday, it turned out trading higher than the $7,000 level as the cryptocurrency market stabilized.

At its lowest point on Tuesday, the total cryptocurrency market saw over $550 billion wiped off its value. But industry insiders see another rally ahead.

The Bitcoin companies are worldwide as well as the citizens of China and Japan happen to be particularly active rolling around in its purchase and also other Parts of asia. However, recently in Bitcoin news the Chinese government has tried to suppress its activity in this country. That action drove the price of Bitcoin down for the short period of time nonetheless it soon surged back and it is now near to its previous value.

The Bitcoin history chart is very interesting. Its creator was an anonymous band of brilliant mathematicians (while using pseudonym Satoski Nakamoto) who designed it in 2008 to be “virtual gold” and released the initial Bitcoin software at the begining of 2009 during the height of the USA economic crisis. They knew that to have lasting value, it like gold needed a finite supply. So in creating it they capped the production at 21 million Bitcoin.

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