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New Bitcoin Price Prediction by Needham Puts Value at $655

bitcoin price prediction

Another Wall Street firm has made an eye-popping Bitcoin price prediction.

This time it's Needham & Company, which has issued a report that says the Bitcoin price should be $655, about 57% higher than the current price.

Better still, Needham sees demand for Bitcoin rising over the next four years.

And it came up with this surprisingly high Bitcoin price prediction for 2020...

New Cryptocurrency Ethereum Won't Kill Bitcoin – and Was Never Meant To

Ethereum

The rapid rise of a new cryptocurrency called Ethereum has fueled speculation that the incumbent Bitcoin now has a rival with the potential to sweep it aside.

It’s true that the price of Ethereum has soared more than 1,000%. And it’s already been adopted by such giants as Microsoft, IBM, and JPMorgan.

But the idea that the two are rivals is a misconception fanned by the media.

Here's why they're wrong...

Why the Price of Bitcoin Has Stumbled

price of Bitcoin

The price of Bitcoin took a tumble over the past week as concerns about a lingering issue again became too obvious to ignore.

The Bitcoin price fell about 9% in the five days following Feb. 29, when delayed bitcoin transactions revived fears that its network had reached capacity.

The exasperating thing is that last week's network hiccup didn't have to happen.

You won't believe why it did...

Why the Bitcoin Price Is Falling Today

bitcoin price

The Bitcoin price plunged as much as 16% today (Friday) as the market reacted to a blog post by a former Bitcoin developer that said the digital currency had "failed."

The news sent the price of Bitcoin skidding below $400 from about $432 the day before. But a closer look at this Bitcoin news reveals that it's not the catastrophe it appears.

Here's what happened - and why it won't keep the Bitcoin price down for long...

The Bitcoin Price History Charts Every Investor Needs to See

bitcoin price history

The last two years of Bitcoin price history have a story to tell.

You see, Bitcoin was the best-performing asset in the world in 2015 - and by a long shot. The price of Bitcoin rose 35%, easily beating the next best asset, real estate investment trusts (REITS), which rose just 2.8%.

And apart from stifling Bitcoin's skeptics, this stunning reversal offers these key lessons about investing in general...

Why Bitcoin Price Predictions for 2016 Range as High as $3,500

bitcoin

With several expert Bitcoin price predictions for 2016 topping out at $3,500, the coming year will prove the worth of the digital currency once and for all.

It's quite a reversal from last year, when Bitcoin was sliding to below $200. These experts, mostly CEOs of Bitcoin companies, see the Bitcoin price rising from 300% to 800% from current levels of about $445.

Here's why these 2016 Bitcoin price predictions are so optimistic...

Why the Bitcoin Price Chart Is Showing So Much Strength Today

Bitcoin-price

Over the past three months, the Bitcoin price chart doesn't look much like the charts for other investments, many of which - especially commodities - are way down.

Since Sept. 15, the Bitcoin price is up a stunning 93.5%, rising from $230 to about $445 today (Monday), according to the CoinDesk Bitcoin Price Index.

Here's why the price of Bitcoin has gone on such a tear...

10 Numbers That Shocked U.S. Markets This Week

U.S. markets

U.S. markets swayed this week from fresh data, Wall Street dealings, and life-changing global events...
It's the numbers that count in this crazy world. They can tell stories that words sometimes can't.

Here's a look at some of the most fascinating, infuriating, amusing, depressing, and altogether important numbers that the world has put up on the board recently - and why you need to know them...

2016 Bitcoin Price Predictions Looking at $600 and Beyond

Bitcoin

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

Bitcoin price volatility

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

Bitcoin price

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...

The Bitcoin Price Move No One Predicted – and What It Tells Us

bitcoin

It has become an article of faith that the Bitcoin price is volatile.

And when Bitcoin burst into the public consciousness back in 2013, it was true. Bitcoin prices soared 8,500% in 2013 only to fall 85% by January of this year.

But after January, the price of Bitcoin did something neither the enthusiasts or the critics saw coming...

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

bitcoin

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...

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

Bitcoin

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

bitcoin

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...