We holders of Bitcoin at some point will be smiling once Bitcoin turns 28,000 Dollars per BTC and that is the prediction and of course cryptocurrencies always surprises us with its crazy price jumps based on many things like good news like SegWit which just makes fast processing of the BTC transactions and it will indeed make BTC great for doing business with.
It is a fact that Bitcoin is more than 10,000 dollars as of this writing and it will not be long until it breaks what analysts say the line of resistance where everyone is selling for the fear of the price going down again. But for the investors of Bitcoin there is no need for such a panic because Bitcoin is bound to become more scarce and with the scarcity comes the jump on price because of the law of supply and demand.
I am just guessing but by December again this year we can see Bitcoin at the price of at least 28,000 as more and more people use cryptocurrencies because social media for blogging, streaming, or video uploading will flourish and this is just the example of that, STEEMIT.
So as more people use steemit they will get introduced to Bitcoin and they will use Bitcoin and will contribute to the scarcity and value of both Bitcoin and steem. It is all good from here and we at steemit is at the forefront because we use a lot of cryptos including Bitcoin. We just have to hold on and use the steem blockchain so we can also enjoy bitcoin, enjoying the best of both worlds.
