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 …

With One Percent of Indians Investing Money into Bitcoin, Its Price Can Reach $1000 by the End of 2016

With One Percent of Indians Investing Money into Bitcoin, Its Price Can Reach $1000 by the End of 2016

admin Bitcoin, Bitcoin News, India, Privacy 0 Comments

What could possibly happen if and when a tiny fraction – one percent – of the Indian populationgets a hold on what Bitcoin could do for them in the country’s time of demonetization, which has forced the citizens into applying unusual efforts to access and use their hard-earned money? Something big, but not unexpected. For starters, a lot is happening globally and India is one of them. Taking Vinny Lingham’s tweeton Nov. 17, which says: “I don’t think the market fully appreciates how much money is about to flow into Bitcoin over the next month.” With hashtags like; #india #trump #china #fed, it could create a nexus, with the prediction by CivicKey’s CEO that the price of Bitcoin will hit the $1000 mark before the end of 2016. Lamassu’s co-founder Josh Harvey started this puzzle with a tweet that says that there are 13 mln people in the Indian one percent, and the fact that many of them will be hearing about Bitcoin now is in itself a big deal. With the Editor in Chief at Adamant Research, Tuur Demeester, adding in a tweet that Bitcoin, on Indian exchange Zebpay, has been selling for 20 percent premium, equivalent to $895, one could …