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Bitcoin Price Predictions
With the price of Bitcoin souring past the $2,000 mark in record time may investors are predicting that it will break the $3,000 mark by the end of the year. In-fact some even predict that the price of BTC will go above $5,000 before 2017 ends. The cryptocurrency managed to make it past the $1,000 earlier in its lifespan but saw a huge crash occur. It was mainly down to the collapse of the world largest Bitcoin exchange.
Now that people understand that buying Bitcoin enables them to hold their own money away from banks who are already bankrupt. Without QE none of the top banks in the world would survive and it is down to cleaver accounting why most still exists today.
It would be crazy to put all your money into Bitcoin but it would also be crazy not to put a percentage into it.
As the financial climate gets worse the price of Bitcoin goes up, so the question you need to ask yourself is do you think the economies will improve or decline over the next five years. If you feel they will then investing in Cryptocurrency is a wise option.
The below article talks about Bitcoin and if it is a bubble or if the boom is only just getting started.
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Bitcoin’s value has fluctuated sharply over the last four years The value of Bitcoin has hit a new high with each person coin now worth more than $2,100 (£1,615). The valuation caps a strong month for the virtual currency, with its value growing by more than 65% in a […]
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