It’s early yet in 2016, with nearly 10 months to go before we find out if our price prediction for this year comes to pass, or whether our forecast is way off the mark.
Nonetheless, we will provide out Bitcoin price prediction for 2017.
We’re on record forecasting much, much higher prices for Bitcoin in the months and years to come. Specifically, for 2017, we predict that Bitcoin will top $5,000 U.S. before 2017 is over.
There are many reasons that will contribute to the Bitcoin price soaring, but the most fundamental of them all is more people getting into Bitcoin.
Economics 101. Greater demand + limited supply = higher prices.