The future of Bitcoin is significant to anyone who understands the economics and the related technology. That’s why we continue to see industry insiders with very bullish predictions for the price of Bitcoin, over the next few years. Understanding why this is likely (for the price of Bitcoin to continue to increase significantly) is not difficult. Bitcoin has a fixed supply of 21 million total Bitcoins, of which 17 million have been mined (created), to date.

Units of value with a controlled supply, such as Bitcoin or Gold, tend to maintain their purchasing power, and/or increase in value over time. Units of value with uncontrolled supplies, such a fiat (national) currencies tend to reduce in value, and thus, in purchasing power, over time.Two years ago today, Bitcoin’s trading volume was under $244 million, at a trading price of $604.
I would suggest that these figures represent a trend, indicating increasing demand for Bitcoin over time.I would also suggest that current price vacillations, which have actually stabilized quite a bit recently, and speculative run-ups as we saw toward the end of last year, matter far, far less than do consistent year over year increases in value.