Goldman Sachs analysts predicted that the price of bitcoin could surge as high as $8,000 in a note distributed to clients earlier this week.
- Following last week's news that the world's largest futures exchange, CME, will launch bitcoin futures by the end of the year, bitcoin climbed to a record high of $7,601.53 over the weekend before dipping below $7,000.
Image source: http://www.gettyimages.in/detail/photo/bitcoin-royalty-free-image/493533569
Goldman Sachs expects bitcoin will hit new records, despite a roughly $600 drop in the digital currency from all-time highs.
Bitcoin has surged more than sevenfold this year. The digital currency hit a record high of $7,601.53 over the weekend before briefly dropping below $7,000 Sunday, according to CoinDesk. Bitcoin was trading around $7,092 Monday afternoon, leaving room for about 12 percent in gains to Jafari's $7,941 level.
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STOPbitcoin top level! up coming 50000$
I hope it goes higher than $
It is all good while the hype supersedes practicality and economic utility arguments. As more entrants make their way into the network; the higher the transaction fees and the longer the confirmation times - people will sought altcoins and Bitcoin Cash which is the only Bitcoin fork that upholds Satoshi's vision. One day BCH will claim the BTC ticker when Legacy Bitcoin implodes.
that is my bet. Currently 128000 unconfirmed transactions on the network. Yesterday my TX locked for 6 hours and Unconfirmed was only 100000.
All the in fighting over keeping to the white paper vs actually fixing the issue will kill it. I bet with my coin and moved to BCH because of this and from the price swings since the fork cancellation it looks the wise bet to me :)