Bitcoin will inevitably rise to the top!

in #money8 years ago


1. Supply and demand

Over the past few months the demand for bitcoin has grown significantly, which gave rise to the short-term trend growth rate. A recent wallets and payment systems has considerably simplified use of bitcoin, and it has also created additional demand for money. If the growth trend continues, increasing demand will significantly push the price up.

2. The increasing interest in blockchain

The basic technology of bitcoin continues to gain supporters around the world. Many banks and financial institutions working on its implementation, and increasing interest in blockchain can also allow for bitcoin to gain momentum.

3. Diversification

Portfolio managers and other financial institutions can now add to your portfolio and bitcoin just for the sake of diversification. It is much more resistant to manipulation and market "swings" associated with the overall political situation.

4. The economic slowdown in China and fears in Europe

Everyone knows that China is among the most important players in world markets. Especially important is its role for risk assets and their movement. Recently, there was a sharp decline in the economic growth of China, which may focus investor attention on the digital currency. Similarly, a European friction always make traders to be alert. All this can also increase the demand for bitcoin.

5. The involvement of financial institutions

In 2014, many banks, brokers, asset managers and hedge funds actively distanced themselves from bitcoin. However, over the past year the situation has changed markedly, and more and more financial companies are starting to delve into the world of bitcoin and explore its capabilities.

6. Bitcoin on wall street

Imagine that wall street began trading with bitcoin. This can have a huge impact on his future and to push the exchange rate to unprecedented heights. It's just a matter of time — and, given the sharp warming in relation to bitcoins on the part of major players, there is a probability that this can happen in 2016.

7. Transparency and security

Consumers, banks and companies are always in search of a more transparent and secure payment systems. Bitcoin and its underlying technology are thought by many to surpass in this respect all existing systems. If it starts to use bitcoin price can also go up.

8. Banks and brokers who use bitcoin

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Nice post! At what price do you see bitcoin in mid 2017?

I will not say what would not jinx it)

Good post! these are just a fraction of the ideas that will increase the price of Bitcoin in the months to come!

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