Post
Topic
Board Speculation
Re: 1 BTC = 1000$ in 2016
by
btc_zep
on 03/07/2016, 07:17:02 UTC
BTC will hit between $1000 and $2000 before the end of  September 2016 !

Why?

Simple, it's supply & demand economics

there are 100 million+ Chinese that are about to get into BTC, futhermore the Chinese Gov are going to promote ownership of BTC as a way of esacping the Western
financial upcoiming crash.

Demand - 100 mil chinese

Supply - well, unlike FRN's, they cant just be printed! -, so limited supply

= massive price rises


it is their purchases of BTC which will send the $ price skywards

( I also speculate that it will be $12,000 to $14,000 by the end of Spring 2017 as well)

This has nothing to do with the Halving, but simply a mass of Chinese people for various reasons ( capital controls etc)  waking (financially) up


Note: i'n a newbie on this forum , but not to BTC (  5 years now )