Bitcoin Exchange Rates in 2016: Experts Predict Unprecedented Rise in the Bitcoin

Ever since Bitcoin payment system has been launched it received millions of clients worldwide. Today analysts and experts from all over the world forecast Bitcoin exchange rate fluctuations. Some are very pessimistic about possible trends in cryptocurrency circulation, however, most of experts predict positive trends for the nearest future of Bitcoin.
For instance, Barry Silbert, the chief executive of DCG (the company that founded Bitcoin Investment Trust) attended recently Investors’ Day in Palo Alto and delivered a quite interesting report. The report included a presentation and a 2016 forecast as to how Bitcoin rate is going to change.

Thus, below you can find the key aspects of the expert’s forecast:
1) Banks’ migration to settling with Bitcoins (accepting and crediting Bitcoins as real funds);
2) Growth in demand for Bitcoins in the Middle East, Brazil and China;
3) Promotion of virtual settlements with cryptocurrency; the increase in number of Bitcoin users all over the world;
4) Further investments in Bitcoins, use of Bitcoins as a store of value;
5) Beginning of Bitcoin trading on the Wall Street;
6) Apparent increase of the Bitcoin rate;
7) Enlargement of players on the Bitcoin platform (large companies will squeeze smaller ones).

Tyler Durden (a contributor of Zero Hedge) announced his attitude to the cryptocurrency’s further development. He believes that the dynamics of cryptocurrency circulation will be the most favorable (positive) in China. It will be caused by the perspective of introduction of state control over capital transfers for both individuals and businesses. Durden made a guess that millions of Chinese people who are currently worried about serious possibility of introduction of control over funds held in investment funds, accounts and deposits.
It can unleash an instant reaction of population running into milliards to transfer their funds (a small percentage) into Bitcoins. These investments, in its turn, will provoke a sudden surge of Bitcoin exchange rate incomparable with all previous increases in the rate. Durden calls this likely event as “The Second Coming of Bitcoin”. In case the analyst is right, the cryptocurrency will not only boost its position but become competitive in comparison with other currencies.

Given that Bitcoin is a rather new currency (it was launched in 2008), it succeeded to cause a stir due to both a fall in exchange and a great increase in the rate. Of course, expert view on exchange rate of Bitcoin in 2016 is just a subjective view of the situation based on modern trends and considering background experience.