Coming off bitcoin’s most stable year on record, analysts welcomed 2016 with predictions of strong year ahead for the cryptocurrency.
Here's what happened in the world of bitcoins and blockchains for the week ending January 8, a week that saw bitcoin go from $433 to approximately $451:
Writing for Nasdaq's blog,Martin Tillier argued that bitcoin’s recent price increase is “both logical and sustainable." The author, argues that bitcoin’s increase from about $250 for most of 2015 to $450 isn’t speculative, but driven by long-term instability in China, which accounts for a large amount of the cyrptocurrency’s trade volume.
http://www.bizjournals.com/sanjose/news/2016/01/08/week-in-bitcoin-january-8.html
