30 Dec '15, 5pm

Why I'm Predicting a $650 Bitcoin in 2016

Richelle Ross is an independent cryptocurrency consultant and a computer science major at the University of Florida, whose interests include programming and cryptology. On 23rd July, I predicted on Quora that the price of bitcoin at the end of the year would rest around $420. It appears at press time that I was not far off . As of 30th December, the bitcoin price is around $425. It seems I identified what many in the cryptocurrency community were predicting – 2015 was the year the bitcoin price would experience the slow and steadier growth it needed. In previous years there were a lot of unknowns in the cryptocurrency world. It was often believed that a better currency may come along or that bitcoin was just another form of the fabled 'Tulip Mania', a period in the Dutch Golden Age used as an example for when the price of an asset outpaces its intrinsic value. And these co...

Full article: http://www.coindesk.com/predict-600-bitcoin-2016/

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