Forecasting the price of any asset is a tricky thing. Estimating the price of wildly fluctuating Bitcoin , which is much more than just some financial instrument, is nearing almost magic. One day it can shoot up by 10% just to see it fall 5% following day. Is this volatility a reason for disinterest in the future price direction and levels?
cointelegraph .com doesn’t think so and have asked experts for their opinion with two questions:
> Where do you think the price of Bitcoin (BTC:USD) will be as of 12/31/2016?
Some experts didn’t want to comment at all; the most courageous ones put their heads under the guillotine and provided exact price levels. We will see in one year who is in the money or out. Let’s not forget, it’s just a speculation game, you are strongly advised not to make your investment or trading decisions based solely on these statements. You know the saying “talk is cheap”… “$1,800. Mining supply cut in half, continued growth and use of the platform, financial institutions realizing BitcoinCT r: 2 is the BlockChain , and more people discovering they can save 20% at Starbucks with FoldApp.” “My estimate is around $2,000. The biggest driver behind price increases will be increased global awareness of Bitcoin. Today, the price of Bitcoin is $1 per capita. My price target for the next year is $5 per capita, which is around $2,000 per Bitcoin. For comparison, the price of Gold is at $1,000 per capita.” Jeff Berwick, chief editor of The Dollar Vigilante : “$1,799. Biggest drivers: bank, currency and economic collapse.” “I think it’ll be higher than today but I don’t want to pin myself down on a number.” “I don’t do price speculation. It’s astrology for markets and I think it is irresponsible […]
