Post
Topic
Board Beginners & Help
Re: Do you think BTC will hit $300?
by
VonIobro
on 28/10/2013, 13:36:43 UTC
My prediction:
In light of the increase in price due to the influx of money/interest from China (according to bitcoincharts, BTChinas market share in Yuan increased from 7% to 20%), thus boosting the prices from 120s to the current 200s. I believe the next big sustainable price increase will come from Canada in the coming months, also increasing their market share in BTC from 7% to 20%.

This will happen as a result of the successful and sustained deployment of the bitcoin ATM machines in Vancouver and across Canada. While I doubt there will be a high volume of monetary activity through the machines, the machines will act as patron saints to BTC and will get Canadians interested, or at least move them towards actions within the Canadian market. I would expect this process to take 1 to 2 months. This is accounting for opening trading accounts in Canada.

My 2 Satoshis.

/3