Bitcoin Forum

Will 2016 be A Banner Year for Bitcoin?

I have said it many times, but when it comes to financial markets, long term predictions are hard, and in many cases pointless. Markets are forward discounting mechanisms and as such they price in any foreseeable influences. It is therefore the unforeseen, the proverbial bolt out of the blue, that usually ends up being the biggest influence over any given time period. The fact remains though that the New Year is a time for reflection and contemplation of the possibilities ahead, and when it comes to bitcoin the possibilities for 2016 are so intriguing that they are worth pondering.

From a price perspective it is hard not to be bullish on BTC/USD. At this time last year I stuck my neck out and predicted a period of relative stability for the bitcoin exchange rate, albeit in a lower range than the $300-400 levels at the time, followed by significant appreciation in the second half of the year. Though I say so myself, that wasn’t too far off the mark.


http://www.nasdaq.com/article/will-2016-be-a-banner-year-for-bitcoin-cm560096

I think 2016 will be a good year for bitcoin. The block halving will reduce the bitcoin supply and increase the price.