Dec. 31, 2016, 1 BTC = US$970
As of 7:30am today, 1 BTC = US$7,100

There's no way to go but up for BTC, especially now that it is considered a tradeable asset, like gold.

Will it break $8,000? Most probably. Will it suffer market corrections along the way? It most definitely will (others may even call it a crash) but the general consensus among traders is that we have not seen the end of the growth potential.

I personally see it stabilizing to around $6,500 this year then slowly working its way back up after new years day.

Those who are not into it now (i.e. Warren Buffett) are deathly afraid of it, citing "bubble" this and bubble that. They feel that the lack of regulatory controls will be the cause of its eventual downfall. Truth is, this lack of regulation is what's making Bitcoin even more desirable.

. . . . .

It's also ironic that BTC is avoiding New York like the plague yet the hedge funds in Wall Street have been heavily invested of late.



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