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2016 Bitcoin Price Predictions Looking at $600 and Beyond

The latest wave of 2016 Bitcoin price predictions exhibit a renewed optimism about the digital currency's prospects.

These 2016 Bitcoin price predictions also reflect a fresh understanding in the disruptive power of Bitcoin's underlying technology, the blockchain.

For example, Wedbush Securities raised its 12-month price target 50%, from $400 to $600.

But what Wedbush saw for the price of Bitcoin 10 years down the road is the real eye-opener...


Bitcoin Price Volatility Is Back as $400 Comes and Goes Today

After taking most of 2015 off, Bitcoin price volatility has stormed back.

According to the CoinDesk Bitcoin Price Index, the last day of trading has seen a low of $355.81 and a high of $416.62 – a Bitcoin price level last seen nearly a year ago.

Just 45 minutes after hitting that high, the price of Bitcoin had fallen $39, a 9.38% drop.

Here's why the price of Bitcoin has suddenly taken flight...


Why the Bitcoin Price Hit a 2015 High Today

After meandering for most of the year in the $200 to $300 range, the Bitcoin price hit a 2015 high of $333.75 today.

While the price of Bitcoin dropped back to about $321 later, that's still a 36% increase over the past month. The Bitcoin price hasn't touched these levels since last December.

Here's what's behind this Bitcoin price rally...


Why the Gemini Bitcoin Exchange Has Institutional Investors "Really Excited"

The Gemini Bitcoin exchange, one of several Bitcoin-related projects that the Winklevoss twins have in the pipeline, has obtained two key approvals from New York regulators.

Such regulatory approval is needed to build investor confidence in the Bitcoin exchange. But Gemini also has features tailored to institutional investors.

Here’s what will make the Winklevoss Bitcoin exchange so attractive…


What the First BitLicense Shows Us About Bitcoin Regulation

New York State's issuance of the first BitLicense to Bitcoin wallet company Circle Internet Financial, while a milestone for Bitcoin regulation, also illustrates how bumpy this journey will be.

On the one hand, government officials are no longer trying to ban Bitcoin. But in trying to solve one problem, regulations often create new ones, as we've seen with the BitLicense.

Here's what's good - and bad - about the New York BitLicense...


Bitcoin News: Now That the CFTC Says It's a Commodity, What's Next?

In a major piece of Bitcoin news, the Commodity Futures Trading Commission (CFTC) ruled that the digital currency is a commodity.

It's a significant step along the road toward Bitcoin regulation. While some early adopters of Bitcoin would prefer no government involvement with Bitcoin, Bitcoin regulation is necessary for the digital currency to play any meaningful role in the financial system.

Here's what the ruling means for Bitcoin investments...


Bitcoin Blockchain Potential Draws These 9 Big Banks into Alliance

The revolutionary potential of the Bitcoin blockchain – the technology underlying the digital currency – is what led nine of the world's big banks to join together to study ways to apply it to the global financial markets.

The new partnership will focus on exploring ways the big banks can use the Bitcoin blockchain to save time and money across a wide range of financial activities.

Here's what this partnership is planning - and what it means for Bitcoin...


What Barclays' Support of Bitcoin Technology Tells Us (NYSE: BCS)

The financial center of gravity for Bitcoin technology got another tug in the direction of the UK over the weekend when Barclays Plc. (NYSE ADR: BCS) announced it would allow people to make donations using the digital currency.

It's one more salvo in the fight between London and New York for dominance over this rapidly growing area of "fintech."

Here's what that transatlantic struggle means for Bitcoin...


Falling Bitcoin Price a Casualty of Software Civil War

The Bitcoin price is getting hammered as a result of a contentious and emotional debate over Bitcoin's future.

As the debate over the best way to scale the Bitcoin network to handle the ever-increasing number of transactions has escalated, the Bitcoin price has plunged. It's down 21% since July 28.

As long as this fight continues, the price of Bitcoin will suffer.

Here's why this has gotten so ugly, and what will happen next...


Bitcoin's Future Faces Grave Threat from Software Civil War

Bitcoin's future is more at risk now than at any time in its six-year existence.

A civil war has erupted over the best way to scale the digital currency to handle a larger number transactions.

The impasse has put Bitcoin's future in doubt. If its users split apart now, with Bitcoin in its infancy, it will undermine trust and discourage adoption – potentially smothering Bitcoin in its crib.

Here's what this dispute is all about...