The price of Bitcoin may surge in 2016 due to the slower growth in the cryptocurrency’s supply, according to new predictions.
Daniel Masters, co-founder of Jersey-based Global Advisors’ multi-million dollar bitcoin hedge fund, said that the price of bitcoin could make it above $1,100 next year and then pick up speed to rise to $4,400 by the end of 2017.
According to Masters, this possible trend would be due to a number of factors, such as an increased acceptance of payments in bitcoin by big companies, and the authorities’ increased interest and investment in the blockchain technology. In addition, increased demand from China is also expected as the nation’s currency weakens and the economy slows.
http://betanews.com/2015/12/24/bitcoin-set-to-boom-in-2016/
