Bitcoin’s Christmas Gift? A Better Looking 2016

As expected, 2015 was a turbulent year for bitcoin, with prices fluctuating between its 2015 low of $177.28 (Jan. 14) to its peak of $465.50 (Dec. 15).

But bitcoin’s boost toward the tail end of 2015 could mean a better 2016 for the digital currency that’s been garnering so much attention lately. With the rumors swirling that bitcoin’s creator has been discovered, that’s kept prices high, and some in the industry peg that bitcoin will have a strong start in 2016.

But what else is attributing to this projection? A Reuters piece digs into the slow growth in the money supply as being one that could give bitcoin’s price a boost. Citing the supply-and-demand theory, there’s some who’ve speculated that this could push bitcoin’s price up.

For example, Daniel Masters, cofounder of Jersey-based Global Advisors’ bitcoin hedge fund, believes that bitcoin could jump back around the 2013 all-time high of $1,100. His projections also have bitcoin surging all

Read more ... source: TheBitcoinNews

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