The price of Bitcoin will reach $ 10,000 by the end of 2017
The cost of Bitcoin increased from $ 6,500 to $ 7,590, the growth momentum was due to the announcement of the launch of Bitcoin futures trading on the CME and CBOE exchanges. Several financial experts said that by the end of 2017 the price will be $ 10,000, taking into account today's dynamics of Bitcoin's growth.
Analysts explained the essence and significance of Bitcoin futures contracts on the CME, CBOE and LedgerX exchanges, so most investors must comply with the law and invest in strictly regulated channels. With adjustable futures, derivatives and options in the Bitcoin area and crypto currency, traders will be able to transfer their "money towards crypto", from offshore bank accounts and WMP systems to Bitcoin, potentially attracting tens of billions to Bitcoin, thereby increasing its price
On the LedgerX platform, during the first week of trading, the trading volume of derivatives and options based on Bitcoin was $ 1 million.
By the end of 2017, CME and CBOE should provide institutional investors with a platform for trading Bitcoins.
Interesting to see what will happen after the fork. I believe it may come down some but the new institutional money should push it back up.
I think other crypto coins will grow big after the fork
I hope so. That's what I was thinking before the Wall Street money started coming into bitcoin. Money already in crypto moved out of alts to by bitcoin. I believe those players will take profits after the fork and money will flow back into alts. It's possible the Wall Street money will prevent a big bitcoin correction and that money could flow back into bitcoin and affecting alt prices. We shall see what happens.
The good news on alts is that it appears some money is trickling back into them in the last couple of days. Some of the price movement on select coins are news driven such as Monero. Yet others are not as in Qtum.
JMHO
on Daily chart I see BIG move UP for altcoins,time to buy
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