While Bitcoin hasn't made any major moves higher since the early part of the year, Bitcoin price predictions foresee massive gains over the next few years.
Even near-term forecasts see the price going as high as $50,000.
Several key factors are coming together now - laying the foundation for the huge increases these experts see coming in just a few short years.
That means these sky-high Bitcoin forecasts are not as crazy as they sound...
While Bitcoin hasn't made any major moves higher since the early part of the year, Bitcoin price predictions foresee massive gains over the next few years.
Even near-term forecasts see the price going as high as $50,000.
Several key factors are coming together now - laying the foundation for the huge increases these experts see coming in just a few short years.
That means these sky-high Bitcoin forecasts are not as crazy as they sound...
Just six months after its last Bitcoin price prediction, Needham & Co. has revised its estimate upward to $848.
The last report proved prescient, as it set a target of $655 when the price of Bitcoin was just $415.
Needham was impressed by several changes it saw in Bitcoin since March.
Here's why Needham sees so much potential in the Bitcoin price in the months and years ahead...
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...
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...
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...
The price of Bitcoin stands to get a boost this year from an unlikely source - state and local governments.
At least two states, New Hampshire and Utah, have bills under consideration that would make it possible for citizens to pay taxes and fees in Bitcoin. New York City has proposed similar legislation.
The likelihood of some governments taking Bitcoin payments gives the digital currency a stamp of legitimacy. And the added confidence that brings ultimately will have a positive impact on the price of Bitcoin.
But that's not all it would do...
Don't be fooled when you see a Bitcoin price prediction that calls for a collapse in the digital currency based on its steep price decline from a bubble that burst.
That's not really what the charts are saying, although it's easy to see why they'd get it wrong.
The critics only can see a long slide into oblivion. They believe Bitcoin has no value, and that its demise is inevitable.
But these critics miss several key points...
