In 2016, bitcoins may not exceed $1,000, up to a maximum of 2013 to 2017 to grow to $4400. This forecast, as reported by Reuters, gave co-founder balinovac hedge Fund Global Advisors Daniel masters.
By mid-day on 23 December, one bitcoin was worth $440. According to masters, the growth rate of the cryptocurrency will contribute to the increase in the number of large companies that accept payment in bitcoins, as well as the growth of interest and investments in blockchain technology.
In addition, as noted by the masters, the demand for bitcoin in China is growing amid the weakening economy and the yuan.
The head trader BTCC, one of the largest Chinese sites selling bitcoin, Bobby Lee believes that in the summer of 2016, the course of bitcoin will rise eight – fold to $3,500. According to Li, the total value of bitcoins in circulation now stands at $6.5 billion.