Blockchain CEO: Bitcoin Price of $3,000 ‘Feasible’ By End of Year
CNBC appears to be jumping on the Bitcoin bandwagon this week as it features an analyst foreseeing a Bitcoin price of $3000 per coin by the end of 2017. CNBC Changes Tune To Bullish, Quotes $3k Bitcoin Price For 2017. Having previously been bearish and even critical of the digital currency, the mainstream US news resource was considerably more upbeat Tuesday. “In terms of price this year, I think it will go up to $3,000,” it quotes Adam Davies, a consultant at UK tech advisor Altus Consulting in an interview. As it becomes more pervasive and more generally accepted, I think you’ll see....
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It's been another formative year in the world of bitcoin and the blockchain, and while the price has been subdued over much of the year, other developments in the space have arguably been more intriguing than in any 12-month period previously. We've seen companies come and go, record-setting funding rounds, increased interest in the technology and, sadly, occasional bad actors still stirring negativity into the mix. In this year-end special, we look back at the news stories that made the most impact during 2015. The year got off to a shocking start on 5th January when bitcoin exchange....
The last quarter of the year has included the most exciting bitcoin trading of the entire year, but the rest of the year will likely see a lull in trading and a consolidation around current levels. Any fall down below $400 will represent further price softness into the New Year, it seems. However, since we are now on the cusp of two holidays – both Christmas and the New Year – trading volume will decrease on all markets, including Bitcoin, likely leading to further price uncertainty. After having fallen nearly 10% to a 1-week low, some have wondered if Bitcoin’s price will settle in the....
The price of bitcoin has experienced a steady rally in 2016: It has increased from $433 in January, surging past the $700 mark for the second time in late October. That marks a year-to-date increase of around 60 percent at today’s price, which seems to be settling down a bit at around $690 - $700 per bitcoin. Bitcoin’s price surge should not come as a big surprise given that 2016 has been an excellent year for the currency, and even more so for its underlying blockchain technology. Blockchain distributed ledger technology is finally gaining widespread adoption for an array of different....
As the year kicks off with an all-time high market cap for Bitcoin on its eighth birthday, 2017 promises to be an exciting year for Bitcoin, digital currency and blockchain technology in general. In this first week of the new year, Bitcoin Magazine reached out to a variety of thought leaders and stakeholders in the industry, to offer a look ahead. Roger Ver, Bitcoin Evangelist and Investor. “2017 is likely to be the best year yet for Bitcoin. We are already seeing all-time new highs in terms of market cap. All-time new highs in terms of price per bitcoin are likely just around the corner....
News that Apple had pulled the Blockchain.info app from its App Store broke in the early hours of this morning (UK-time) and the short-term effect seemed to be a dip in the price of bitcoin. At midnight (GMT), the price was $822. Some 15 minutes later, Blockchain tweeted its response to Apple's decision and, over the course of the next hour, the bitcoin price fell to $793. By 08:30, the price had fallen to $783.04, the lowest it has been since 2nd January. At the time of writing, the price is back up to $802, but this is still 8% lower than yesterday's high of $874. Jeremy Allaire, CEO of....