Five Reasons Why Bitcoin Price Will Reach $1000 in 2017
The future outlook for Bitcoin remains promising. In the coming year, Bitcoin price is expected to reach $1000. Bitcoin, the world’s favorite cryptocurrency has surged from $640 to $720 in the past one week. The digital currency has been exhibiting some promising trends this year, in spite of facing drastic setbacks following multiple hacking incidents. As Bitcoin price continues to rally upwards, the expectations for the digital currency’s performance in the coming year is at an all-time high. It is speculated that the Bitcoin price will touch $1000 in 2017. Few factors that may lead to....
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The new year starts memorably for bitcoin, as the bullish trend seen throughout late 2016 continued into 2017, with bitcoin striking a high – at the time of publishing – of $998 on the Bitstamp Price Index (BPI). However, bitcoin price in China is already above $1000 in its equivalent in yuan, with trading price streak beyond 7,100 yuan (approx. $1022.35). A few exchanges, including the likes of Coinbase and Bitfinex have notably seen price cross $1000 per coin. Today’s surge began at 10:00 (UTC) when a bitcoin was trading at $965.36. A quick spike saw price reach $974.59 by the hour’s....
Bitcoin price struck a high of $1025 on the Bitstamp Price Index (BPI), ringing in the new year with numbers unseen since January 2014. Price flirted with the $1000 milestone throughout most of yesterday, before scaling the figure at 20:40 UTC. The price of bitcoin had already scaled $1000 on the first day of 2017 Although the day began with bitcoin trading to the dollar at $998.65, bitcoin price pulled back above the psychological and significant milestone in the early hours of the day. At 02:45, price registered at $1001.19 and the value of bitcoin has been making gains ever since. At....
Bitcoin price has scaled beyond the $1000 for the second time in 2017 and the first time in four weeks. The end of 2016 saw the cryptocurrency flirting with $1000 before scaling the mark come the new year. The Bitstamp Price Index (BPI) reveals bitcoin scaling the $1000 milestone at 16:30 (UTC) on Thursday and despite a brief dip shortly after, bitcoin was trading to the dollar at $1010 at the end of day. Momentum stuck through the early hours of Friday as price swelled further to register a high of $1022.6 at 06:30. Prices fell below the threshold again toward $998 before recovering near....
Vinny Lingham, co-founder and CEO of Civic.com released a highly anticipated blog post entitled “Bitcoin 2017: A Currency Devaluation Hedge for Emerging Markets” on December 28 to share his thoughts on Bitcoin and its price trend in 2017. In his analysis, Lingham predicted that the Bitcoin price will double or triple within the next 12 months. Over the past year, Lingham has been one of the few analysts who accurately predicted the price trend of Bitcoin. In a blog post published in April, Lingham told his readers that Bitcoin would reach a market cap of $15 bln by the end of the year.....
It should no longer be a surprise that the price of Bitcoin hit $1000 this week on Japanese exchange Mt. Gox, but now, another exchange has creeped up to the $1000 mark. That's Bitstamp, of course. The exchange, which has always trailed a ways behind Mt. Gox (except for recently when the price between Mt. Gox and Bitstamp were nearly equal) is now in the 4 digits - which really reinforces just how valuable Bitcoin has become. The question is: will the $1000+ price keep it up?