The forecast cost of Bitcoin for 2016. What can we expect in 2016?
Taking into account price fluctuations in the past year, the forecasts for the current year can be estimated as close to reality. Some expressed the view that the time will come when one bitcoin will cost $ 1 million, but from the current position to many it seems very unlikely.
According to a recent report of the company Wedbush, in the future may increase the demand for bitcoin in various fields. This is due to the expected reduction in the ability to generate cryptocurrency costs, as well as its maintenance.
In addition, the report suggested that in the future, as a result of competition from Bitcoin will probably decrease in commissions on international transfers (remittances value) from 3-8% to less than 1%.
In view of the above, according to Wedbush, a course next year will have to fluctuate around $ 400, due to expansion in those areas where conventional currency used today.
Wedbush also anticipates a long-term positive trend in the cost of BTC. They write that for 10 years, BTC will take over 10% of all online payments, 20% of remittances, as well as 20% in micropayments. If these forecasts come true, the share of bitcoin on the financial market will reach $ 600 billion.
Miner, according to Draper, is now one of the major forces contributing to a drop in the price of bitcoin. To pay the bills and continue to "race ASIC-hardware", they sell almost all of the extracted cryptocurrency. However, as mentioned earlier, the popularization of Bitcoin allows outweigh the negative effects, affecting the course. And, the reduction of emissions in half bitcoins just around the corner (about six months).
Summing up, we can say that the fundamental value of the BTC will eventually grow quite steadily, and this suggests that the price for it in the next year will fluctuate around $ 400- $ 600 for the BTC.
With such dynamics is quite reasonable to expect a doubling of the cost for a few years, which will come out on the level of Bitcoin $ 1,000- $ 1,400 by 2017.
"[Bitcoin] is a very exciting development, it might lead to a world currency. I think over the next decade it will grow to become one of the most important ways to pay for things and transfer assets." - Kim Dotcom