Quote from: martinacar on January 06, 2016, 12:19:35 AM

The time for bitcoin to shine will come this year. While we will check how the block halving goes, investors are waiting to step in.
Every day we are a day closer to mass adoption

I do agrre with this statement. Assuming that bitcoin remains the most popular token to run the blockchain and transaction volumes continue to rise, the next few years should be spectacular for the price of bitcoin.

While 2015 was a relatively calm year for the price, it seems likely that 2016 will be much more action-packed with the block halving next summer, where the amount of bitcoins awarded to miners roughly every 10 minutes will be cut in half.

Weve laid down the tracks so to speak, allowing for there to be more confidence than ever before that bitcoin is, and can continue to be, a credible store of value.

With this in mind, Ive decided to offer another price prediction for next year since I had some luck for this year. I believe bitcoin will surpass $500 by the middle of the year and average out to a $650 price range in the second half of the year.

Of course, there are too many unknown factors when predicting price to know with any certainty, but the maturing infrastructure has lead me to believe that next year will be an exciting one for investors.

Otijar

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