Why I'm Predicting a $650 Bitcoin in 2016
On 23rd July, I predicted on Quora that the price of bitcoin at the end of the year would rest around $420. It appears at press time that I was not far off. As of 30th December, the bitcoin price is around $425. It seems I identified what many in the cryptocurrency community were predicting – 2015 was the year the bitcoin price would experience the slow and steadier growth it needed. In previous years there were a lot of unknowns in the cryptocurrency world. It was often believed that a better currency may come along or that bitcoin was just another form of the fabled 'Tulip Mania', a....
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Some commentators are predicting a Bitcoin price surge during the year, mainly due to a slower rate of growth in the money supply. Compared with academic research carried out in previous years you may have noticed that many scholarly papers in 2016 have so far focused on analyzing Bitcoin’s potential future role, and in some cases examined user experiences of Bitcoin security and privacy [See: Krombholz, Judmayer, Gusenbauer and Weippl (2016); SBA Research, Vienna, Austria]. Some commentators are predicting a price surge during the year, mainly due to a slower rate of growth in the money....
2016 is shaping up to be a big year for Bitcoin – but of course that has been true of every year since the cryptocurrency’s creation. Bitcoin.com polled its team and asked this simple question: What does 2016 hold for Bitcoin? Here are our answers. The last seven years have seen all the ground work laid for Bitcoin adoption. Tens of thousands of....
The former CEO of Gyft and the cofounder of the project Civic, Vinny Lingham has been called an ‘oracle’ at times for correctly predicting the future price of bitcoin. On various occasions all the way back to 2016, Lingham has made correct bitcoin price calls over the years. Even though bitcoin’s price has been lower in recent weeks after shedding over 40% in the last three months, Lingham has an optimistic outlook if “$30k continues to hold.” Vinny Lingham’s Recent Bitcoin Predictions Show Optimism Vinny Lingham is talking about bitcoin (BTC) price....
Due to its unprecedented growth, the economic importance of the solar energy industry is surpassing that of the fuel energy industry. The solar industry’s exponential growth has boosted solar jobs by 25 percent since 2015, the Solar Foundation reported. Concurrently, Bitcoin and the Internet of Things are becoming an even more integral element of the....
2016 has been an excellent year for Bitcoin in many respects. Scalability innovations like Segregated Witness have been introduced to the Bitcoin community, many successful Blockchain and Lightning Network tests have taken place and many new markets have turned to Bitcoin as a viable currency option. The price of Bitcoin has been a major positive in 2016 as well, with its value up by well over 75 percent. Now, Dec. 1, 2016, marks the highest Bitcoin price measured in over two and a half years. New Bitcoin high for 2016. According to BitcoinAverage, the price of Bitcoin passed the $760 mark....