Quote from: josep on August 09, 2017, 12:55:46 PM

Previously, Cointelegraph reported that RT host and financial analyst Max Keiser predicted Bitcoin price to cruise through $5,000 in the short term.
With the Bitcoin Core development teams transaction malleability fix and scaling solution Segregated Witness (SegWit) lock-in achieved, the market and investors are expressing their confidence in Bitcoin and its ability to scale.
The certainty and imminence of SegWit activation has definitely acted as a driving factor in sustaining the upward momentum of Bitcons value.

Scaling debate on Bitcoin and its block size has been prolonged since 2015 and the activation of SegWit marks a significant milestone in Bitcoin and the first major step towards scaling.
But it is also inaccurate to attribute the surge in Bitcoin price solely to the activation of SegWit.

Throughout 2017, mainstream adoption of Bitcoin by general consumers, traders, institutional investors, large-scale conglomerates and merchants significantly increased.
Such rapid increase in adoption demonstrated the acceptance of Bitcoin as a widely-recognized digital currency, in addition to being a safe haven asset and digital gold to long-term investors.

Three main reasons why Bitcoin price will continue to rise
Bitcoin price will likely increase at a consistent rate in the upcoming months mainly due to three driving factors: adoption by institutional investors, elimination of uncertainty in Bitcoins scaling issues and increased legalization of Bitcoin in major economies.

Bitcoin and the entire cryptocurrency markets daily trading volume has surpassed $5.5 bln, with Bitcoin and Ethereum accounting for nearly $3 bln of the cryptocurrency markets daily trading volume.
Through highly regulated exchanges including Geminis daily Bitcoin auction and the Chicago Board Options Exchange (CBOE)s Bitcoin integration, institutional investors will be able to trade and invest in Bitcoin with higher liquidity.

Already, some of the largest investment firms in the world including Fidelity Investments, which oversees over $2.13 tln in assets, have announced that they have invested in Bitcoin and Ethereum.

Fidelity CEO Abigail Johnson stated:

"We have built proofs of concepts that accept Bitcoin micro-transactions. We set up small Bitcoin and Ethereum mining operations, just done in the spirit of learning. But I am still a believer and it's no accident that I'm one of the few standing before you today from a large financial services firm that hasn't given up on digital currencies.

Perhaps more importantly, uncertainty around a hard fork execution and Bitcoins scalability have been eliminated with the recent Aug. 1 hard fork of Bitcoin Cash (BCH).

For years, the Bitcoin community and industry have expressed their concerns over potential security issues of a hard fork but in actuality, the BCH hard fork had minimal impact on the Bitcoin network and the value of Bitcoin and demands towards the digital currency have never been higher.

This is great news. Bitcoin continues to convince more people to invest if that happens. The 3000 mark is as good as the sizzling chicken served hot during Friday dinner but to get to 5000, this is an accomplishment like no other. Make it happen, Team Bitcoin. Make us prouder!