This was a great year for Bitcoin. Actually it was the best year Bitcoin has had since 2013. So far i have done well predicting what Bitcoin will do and price movements. I will go ahead and make another prediction. 2017 will be even bigger than 2016 and i will explain a few reasons why.
First reason is i think we will have hyper inflation happen. Why would the price suddenly go up? Few reasons come to mind one of them being that traders are starting to see the value in Bitcoin. People who trade gold consider Bitcoin digital gold. It is true that China leads the way with Bitcoin, but countries like India, and Japan, and some of the middle east are starting to use and trade Bitcoin. Higher trading volume translates into higher Bitcoin price.
Second reason why is because we are very close to the scaling of Bitcoin. I have already mentioned a release date for the possible increase in November but as more people trade, it will have to be scaled even further. Every time this happens an increase will occur. Scaling is vital to Bitcoin growth and i think 2017 will be the year they accomplish greatness. What does history tell us? What do you think about this?
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