Post
Topic
Board Speculation
Re: Bitcoin will rise?
by
ASHLIUSZ
on 10/08/2016, 11:25:10 UTC

May be you are right it will take long time to achieve the price of $2k and I don't see it happening in this year and even if it touches that price in next year, it will not stay there for long term.

I think it will take 15 to 24 months for the bitcoin to rise to $2000. After the introduction of SegWit, it could be faster.

I believe if the SegWit or the Block size increase is implemented, the bitcoin price could be at $2000 in 12 months.
SegWit is a step forward and its release has possibly played a role in the current Bitcoin price rise as more people gain confidence that the block size issue may soon be resolved. If the miners adopt this solution, Bitcoin could very well experience another price rise shortly.