For many people, the price of Bitcoin is the most important thing, so let's look at five factors that will have a positive impact on the price of Bitcoin in the 2016's.
1. Bitcoin halving Day: Reduction Amount Produced Bitcoin
Unlike the central bank monetary policy in most countries continue to print money and lead to inflation, Bitcoin protocol is transparent, and the total supply of Bitcoin is already or will there be known by the public. According Bitcoinclockhalf.com, the number of Bitcoin that can be mined or printed by the system will be reduced by half starting on July 18, 2016. Bitcoin already be set in such a way since it was first created that there will only be 21 million Bitcoin in the world. Bitcoin is not printed or controlled by the company, bank, or any government. Parties running Bitcoin is the 'miners' numbering millions of people worldwide.
Currently, every 10 minutes appeared 25 Bitcoin mined by millions of people worldwide. Anyone can become a Bitcoin miner. Starting in July, there will be only 12.5 Bitcoin that could be mined.
CEO BTCC's largest Bitcoin exchanges in China, Bobby Lee, said:
"I think the run-up next bitcoin prices will occur in early 2016, in anticipation of Bitcoin halving Day, and yes, the price run-ups this time could be much higher than the price of Bitcoin in 2013."
2. China
The Chinese economy has been a craze since the beginning of this year when Yuan decreased 7% and trading suspension occurred. Yuan devaluation, corruption in banking institutions and capital control policies of governments that restrict people to invest overseas, in China made investors uneasy. Bitcoin is an asset they choose to save their money, and with Bitcoin, they can also easily change the digital currency to any currency in the world. Bitcoin purchase and sale transactions reached 4 trillion Rupiah per day, people in China to trigger the rising price of Bitcoin worldwide.
3. Developing Transaction Volume
Can not be denied that the number of Bitcoin users in the world is growing rapidly. In the chart below we can see that Bitcoin transaction volume increased dramatically since it first appeared.
The higher the volume of transactions, and more and more users Bitcoin, it will increase demand for Bitcoin. By doing so, the price will rise Bitcoin see limited supply.
4. Blockchain!
Many are recognizing that 2015 is the Year Blockchain, where traditional financial institutions - even in countries that are supposed to be hostile to Bitcoin - are increasingly recognizing the potential of this technology. Even more impressive is that there are already more than 50 giant global banks involved in the project consortium R3 to figure out how to implement the blockchain technology into their banking institutions. Blockchain is the technology that powers Bitcoin. Blockchain make all transactions are transparent and can be accessed by anyone, and with Blockchain, everyone can send money within a matter of seconds at a cost approaching free.
5. Improve Infrastructure
Bitcoin has an impressive history in which Bitcoin managed to become the best performing currency in the world, beating even the US dollar, not only this year but in previous years. Funds amounting to US $ 1 billion has been injected by investors to corporations and industry cryptocurrency blockchain in 2015 to build the infrastructure of Bitcoin. This means there will emerge a better application, a digital wallet, the interface / interface that is easier to understand, better security, use of Bitcoin in new situations, as well as developments for the Bitcoin ecosystem which would push the price of Bitcoin.
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