- 2016 could be a banner year for bitcoin
The price of bitcoin digital currency, which more than doubled in 2015, is poised to surge even higher next year as investors have regained confidence in its stability after the collapse of the Mt. Gox exchange in 2014.
Bitcoin is trading for about $443, an increase from its $200 level during the beginning of the year. That's better than the 12-month forecast of $400 Wedbush Securities made in in July (the firm raised its forecast on Wednesday to $600). According to Adamant Research, bitcoin's price has surged more than 900 percent since it began trading 2010.
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