The year 2015 has been quite eventful for bitcoin with BTC/USD temporarily breaking above the 500-mark for the first time in over a year on November 04. It currently trades at 457.11 levels.
A recent report from Reuters now suggests that in the forthcoming year bitcoin price will surge again due to slower growth in money supply.
Bitcoin is a web-based currency, invented by the mysterious Satoshi Nakamoto in 2008. Bitcoin creation depends on mining computers that validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes, Reuters explained. First successful miner currently is rewarded with 25 new bitcoins, worth around $11,000.
Read more at
http://www.econotimes.com/Bitcoin-Price-Could-Break-Above-$1100-In-2016-As-Mining-Reward-Halves-135665#biipy4fSY5lv5fR2.99
