01 Jan '14, 5am

#Bitcoin predicted to reach 18-22 USD by the end of 2013! (Year old post)

This is an interesting question as it gets at the heart of how BTC is priced. Obviously there are a variety of factors involved some which will put upward pressure on the price and others that will put downward pressure on the price. Here is my view... Factors Increasing The Price of BTC in 2013 The Federal Reserve has said it will keep interest rates at 0% for all of 2013. Translation more USDs will be pumped into the financial system. Thus reducing the value of the USD compared to other currencies, which are not inflating their own currencies at the same high rate. More merchants will adopt BTC as a means of receiving payments (WordPress, Lew Rockwell) More users will adopt BTC to reduce the cost of spending and transferring their savings. Security improvements as part of the 0.8 version BTC protocol and the ability to pay via a human readable names like WordPress.bit in...

Full article: http://www.reddit.com/r/Bitcoin/comments/15ln5m/what_is_y...

Tweets

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