Vinny Lingham: Bitcoin Price Will Reach $3,000 in 2017

Vinny Lingham: Bitcoin Price Will Reach $3,000 in 2017

admin 2017, Bitcoin, Bitcoin 2.0, Bitcoin Awareness, Bitcoin ecosystem, Bitcoin Market Capitalization, Bitcoin News, Bitcoin Predictions for 2017, Bitcoin Price, Blockchain News, BlockChain Technology Opinions, China Market, Crypto News, Cryptocurrency, In the News, Vinny Lingham 0 Comments

Vinny Lingham, co-founder and CEO of Civic.com released a highly anticipated blog post entitled “Bitcoin 2017: A Currency Devaluation Hedge for Emerging Markets” on December 28 to share his thoughts on Bitcoin and its price trend in 2017. In his analysis, Lingham predicted that the Bitcoin price will double or triple within the next 12 months. Over the past year, Lingham has been one of the few analysts who accurately predicted the price trend of Bitcoin. In a blog post published in April, Lingham told his readers that Bitcoin would reach a market cap of $15 bln by the end of the year. Today, it surpassed the $15 bln mark, reaching its all-time high market cap. The reasons behind strong performance The vast majority of mainstream media outlets and analysts have cited economic and financial factors as a reason for Bitcoin’s price rally. Various events such as the demonetization of banknotes in India and Venezuela, crackdown on Wealth Management Products (WPMs) and tightening of capital controls played a strong role in the rising price of Bitcoin. However, Lingham notes that most failed to acknowledge the impact of rising Federal Reserve rates on the value of Bitcoin. When the Federal Reserve increases …

Bitcoin Now $15 Bln Market, Going to $1000 Mark

Bitcoin Now $15 Bln Market, Going to $1000 Mark

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The total USD value of Bitcoin supply in circulation as calculated by the daily average market price across major exchanges has just crossed a new all-time high $15 bln record today December 27, 2016, as its unit price continues to climb closer to the $1000 mark. According to CoinMarketCap, $129.7 mln worth of Bitcoin has been transacted in the last 24 hours. This amount is a little lower than those recorded during recent price changing events. On Christmas Eve, for example, about $224 mln was transacted in a day yet the price of Bitcoin was $920. Hence, it beholds that the transaction volume is still likely to increase in another 24 hours as the price of Bitcoin is on its upward trend – at $938 as at the time of this writing and increasing at a rate of 3.7%. This pace brings back to memory the claim by CEO of CivicKey Vinny Lingham that the price of Bitcoin could reach $1000 before this year ends. Though several market observers still maintain a wait and see approach to the unfolding price situation, the wait does not seem too far ahead. Now, at almost $950 and still with five more days to …

Bitcoin Can Rise to $2000 in January 2017

Bitcoin Can Rise to $2000 in January 2017

admin 2017, Bitcoin, Bitcoin Price, India, Kim Dotcom, Prices, USA 0 Comments

A Saxo Bank ‘Outrageous Prediction For 2017’ says that the spending binge of a Donald Trumppresidency could create ideal conditions for the price of Bitcoin to test $2,000 by next year, as the possibility of the US dollar skyrocketing could force emerging markets to seek alternatives. It projects that the Trump regime’s fiscal spending binge may increase the circa $20 trillion of US national debt and potentially triple the current US budget deficit from approximately $600 bln to $1.2-1.8 trillion or some 6-10 percent of the US’s current $18.6 trillion economy. This may cause inflation to skyrocket, forcing the federal reserve to accelerate its hikes and the USD dollar to soar, creating a domino effect in emerging markets and forcing people worldwide to look towards alternative forms of currencies and payment systems not tied to central banks. The report adds: “If the banking system, as well as sovereigns such as Russia and China, move to accept Bitcoin as a partial alternative to the USD and the traditional banking and payment system, then we could see Bitcoin easily triple over the next year going from the current $700 level to +$2,100 as the Blockchain’s decentralized system, an inability to dilute the finite …

Bitcoin Can Reach $10,000 or Even $1 mln, Chandler Guo Explains How

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One of the largest Bitcoin miners in China has suggested that the price of Bitcoin could reach $10,000 or even as high as $1 mln. Speaking to ether.camp at the Clare Hall of the University of Cambridge, on the sideline of the Internet-of-Value: Digitising Social Conscience – roundtable debate, Chandler Guo emphasised that all an individual needs to do is invest in just one Bitcoin – as most people don’t invest in it and yet they want to know more about proof of work, how the Blockchain works, why do blocks require 10 minutes, etc. Guo says in the Youtube video: “But finally, I tell them, just go back and buy Bitcoin. A lot of people don’t have Bitcoin…Not too much. Only one is enough. If everyone would have just one, the Bitcoin value would go to $1 mln. When Bitcoin becomes $1 mln, the whole world would be crazy and everyone would love to follow and all the other digital currencies would just be the grandson of Bitcoin.” Everyone just needs to buy one Bitcoin The angel investor in Bitcoin and Ethereum startups believes that a lot of people don’t exactly understand why they should be involved with Bitcoin, …

The Trump Train Goes to Washington; Three Ways Trump Helps Bitcoin

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As I went over in an Op-Ed on Sunday, Hillary Clinton could not be allowed to become President of the United States. Call me crazy, but the world does not need openly corrupt, lying, World War 3-threatening politicians controlling Washington. Donald Trump wanted to “drain the swamp” and he is a man who gets things done, starting at the head of state. He’s already done more in one night than President Obama has done in eight years. Thank you America, for joining me and the rest of the liberty movement on the right side of history. Ok, enough about me being so right all the time…..what does this mean for Bitcoin? I’m going to give you three fast ways Trump helps Bitcoin and provides Bitcoin a much better future than the corrupt alternative. Bitcoin price should go up even faster for the rest of the year Bitcoin has proven to be just like Donald John Trump, a winner, from jump street, and 2016 has been no different. Bitcoin was up by over 60 percent this year going into election night, and these results will only build upon that growth throughout the coming weeks and months ahead. Bitcoin has proven to …

Search For “Buy Bitcoin” Rising Shows Google Trend

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It may be the US election fever or it may be something else, but according to Google, the search for the “buy Bitcoin” term on the world’s largest source of information platform is on an upward trend. Though the particular factors that may be driving the rising interest has not yet been ascertained, Google analytics show that interest over time is currently at 87 – that’s tipping towards its highest point of 100 between June 12-18. Bitcoin price has reached the $770 mark within the current period. Whether the current ascension, which according to Google kick started in Oct. 22, will continue at such a pace and return to the peak price reached earlier this year, will be determined by one or more of the following factors. Trump, Clinton, Bitcoin The outcome of today’s Nov. 8 elections could be a factor. A study by research and analysis firm Juniper in July, speculated that the price of Bitcoin will rise if Republican candidate, Donald Trump, wins as it will create turmoil on the global markets. Every time the polls indicated a rise in popularity for Trump, the market structure changes, however that was not the case for Democrat candidate, Hillary Clinton. …