I think now is the time to buy Bitcoin in my opinion, and I am buying now BTC like crazy. I think it can go to 600-700 € anytime now, or even higher, because certain things have come out that usually push Bitcoin's price very high.

If you don't know I already made a prediction,that has become true!!
https://steemit.com/trading/@profitgenerator/btc-usd-could-reach-550eur

Pretty much all price predictions that I have made on Steemit have became true, you can check them all for yourself. The beautiful thing about Blockchains is that it can show your track record, and mine is impeccable so far!

Not to brag about it, but I am a very good investor when it comes to crypto-currencies, and here I am again with a prediction that Bitcoin can go up again.

What are main the causes?

• Looming banking crisis is now imminent
• Bitcoin is booming in India
• SolidX ETF could come out anytime

1) Banking Crisis Imminent

Attribution: © Raimond Spekking / CC BY-SA 4.0 (via Wikimedia Commons)

Many of you already know this but banks in Europe are facing another disaster, especially Deutsche Bank, which is already asking for another bail-out:

http://www.zerohedge.com/news/2016-07-10/deutsche-banks-chief-economist-calls-%E2%82%AC150-billion-bailout-european-banks

But the German Government denied this request, so what would this mean? A bail-in? Very likely, since the new bail-in clauses that have been passed would point to this:

http://www.zerohedge.com/news/2016-01-05/brave-new-world-bank-bail-ins-january-1st

So the point is that, another banking crisis is imminent, and we know what happened when the Cyprus bail-in was undergoing, Bitcoin went up +87%:

http://money.cnn.com/2013/03/28/investing/Bitcoin-cyprus/index.html

So we could expect the same thing happening again once this new crisis hits.

2) Bitcoin is booming in India

I got this from latest Reddit news, it looks like Bitcoin is booming in India, with 100,000 new app downloads, we are getting 20,000 new Bitcoin users monthly from India. So eventually some of them will start buying Bitcoin. Remember Indians are not that poor as they look, they all have plenty of gold stashed up, and if they decide to sell their gold and buy Bitcoin with it, that would add a huge value to Bitcoin's market cap.

https://www.reddit.com/r/Bitcoin/comments/55a2j9/from_nowhere_to_100000_app_downloads_and_adding/

So many new users, so many new businesses, and the Bitcoin economy will flourish in no-time. The price will have to reflect this boom eventually.

3) SolidX ETF

Although it has been delayed by the SEC, I don't think it will be rejected, they are just probably playing the political game, or the bureaucracy game.

https://www.coindesk.com/sec-delays-decision-solidx-Bitcoin-etf/

It has to come out eventually, and with more and more Wallstreet money pouring into Bitcoin, the price could really skyrocket!

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So we have all these good news up ahead for Bitcoin, the price really has to get to 700€ now. Maybe I am a bit too conservative, with all these news the price should to go 70,000€, but let's just call a 700€ first, after all there is no good liquidity yet for Bitcoin, with all the regulations on buying Bitcoin and the KYC/AML requirements, I don't think billions will get so quickly to Bitcoin, but it could come eventually.

Let's just wait and see, I am buying now BTC, I am already 75% into BTC in my passive portfolio, in total 52.5% of my wealth is in Bitcoin, and I plan to raise that to 60-65% in the coming days. It will be very exciting, screw the real estate and the farmland, I think the big money will be in Bitcoin this year!

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Disclaimer: The information provided on this page might be incorrect. I am not responsible if you lose money using the information on this page! This is not an investment advice, just my opinion and analysis for educational purposes.

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