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Author Topic: [2015-12-30] Bitcoin price analysis: The year ahead  (Read 164 times)
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December 31, 2015, 02:19:33 AM

- Bitcoin price analysis: The year ahead

It has a been a very quiet end to the year in terms of news, even though the price had a sudden $65 drop the day after Christmas. As with previous years, there are infinite articles talking about the year that was, and predictions for 2016. The focus however, still remains on Blockchains without bitcoin, and this may be the reason there hasn’t been as many articles with price predictions. I will of course go out on a limb and talk about our price expectations for the year ahead, but prior to that, let's look at a few recent headlines in the world of Bitcoin.

The New York Times is reporting that Blythe Masters' Digital Asset Holding is having funding problems. This could be a big story next year as the competition for being the best bitcoin(less) blockchain heats up, and the value proposition of the technology for banks remains questionable. As mentioned on several occasions, all Blockchain related news in the mainstream media will be good for Bitcoin, which is independent of whether Permissioned Ledgers are successful.

There was also interesting regulatory news this week. There is a value proposition being offered to Russia's Vladimir Putin on why Bitcoin could be a boon to the economy. According to the document, it’s being suggested to the Russian Authorities that there could be additional tax compliance from black market profits - if the semi-anonymous bitcoins could be sent to cover tax contributions.

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