Want to know what the future price of Bitcoin will be? We think the facts are strongly in favor of Bitcoin.
First, our belief is that the Bitcoin price drop that lasted from 2013 until 2015 is now over. For the past several months the Bitcoin price has been going up, and this is a trend that we believe will continue. In fact, our estimate for the Bitcoin price in 2016 is that it will reach $2,000 USD each at some point before the year is over.
Certainly, the price potential of Bitcoin is staggering to think about. However, emotions aside, logic dictates that this vein of thought is not farfetched at all. In fact, it is a logical extrapolation.
In summary, the long term price of Bitcoin is very likely to be much greater than it is right now.