Bitcoin is a new currency revolution that is causing much controversy in the financial sector & Global economy , more than financial Bitcoin is technological revolution. According to Bitcoin.org, “Bitcoin is an innovative payment network and a new kind of money… Bitcoin uses peer-to-peer technology to operate with no central authority or banks.” While some see great value and possibilities in Bitcoin.
Recovering from short China Bitcoin Crisis, Bitcoin value again rising high & expected to go more than expert believes in upcoming days. lot of people are wondering how far it will go and how it will affect the economy that Bitcoin has become the backbone of. With Bitcoin’s popularity as a transaction medium for online purchases, it is now a billion dollar industry. Even what seems positive can have far-reaching effects.
A lot of experts have speculated about why the price is rising. One of these is the upcoming Bitcoin halving. Supply and demand dictates the price of goods and with Bitcoin supplies decreasing in the future, people have done the math.
The earliest investors saw a staggering 40,000% gain in Bitcoin prices since this cryptocurrency first went into circulation in 2009. If you’re a Bitcoin investor looking for a sound Bitcoin price prediction 2018, then rest assured, because some obvious tailwinds are likely to push prices further up north in the coming years. I say this regardless of how many more Bitcoin halving events come and go.
You see, Bitcoin prices made history this year. Prices rallied to all time highs. There is a reason why, and I’ll get to that shortly. In a nutshell, demand is on the rise against a finite supply. If I go by economic theory, the sheer supply/demand mechanics suggest that prices should continue to trend upwards.
I’m looking at the metaphorical crystal ball in front of me (the Bitcoin price chart, in fact), and a vivid uptrend is obvious. Bitcoin price has already crossed the $4,000 milestone with Bitcoin market cap surpassing $60 billion. The next pit stop might be at $15,000 no later than 2018. So keep your eyes open!