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Why Is the Bitcoin Price Rising?

Bitcoin price rising

Many investors are asking "Why is the Bitcoin price rising?" following the digital currency's 56%-plus gain in just five weeks.

While there has been bad news about Bitcoin, the good news has proven more powerful. The positive catalysts have ranged from a Russian policy reversal to the SEC agreeing to take another look at the Winklevoss Bitcoin ETF.

But the one catalyst having the biggest impact now is also the one that will drive the price of Bitcoin higher for months to come...

Why the Bitcoin Price Is Falling Today

Bitcoin price

The Bitcoin price is falling as a result of a statement from an official of the Chinese central bank.

The People's Bank of China (PBOC) official made several comments about the risks that exist in the Chinese Bitcoin exchanges.

As a result, the Bitcoin price fell about 7% in three hours, from $1,275 to $1,188.

Here's what the PBOC official said that sent the price of Bitcoin tumbling...

Why the Bitcoin Price Is Falling Today

Bitcoin price

Those wondering why the Bitcoin price is falling now can blame investors in China.

After the People's Bank of China (PBOC) said it had launched an investigation into the major Chinese Bitcoin exchanges, the price of Bitcoin promptly plunged 18%.

The falling price of Bitcoin has put it back where it was in early December. But that doesn't mean Bitcoin is in a crisis.

Here's why the future of Bitcoin has never been brighter...

Should I Sell My Bitcoin After the Big Price Rise?

Should I sell my bitcoin

The question "Should I sell my Bitcoin?" probably entered the minds of more than one investor in the digital currency in recent days.

After all, the Bitcoin price rose 123% in 2016. Those big gains, along with fears of a repeat of the bubble that burst in 2013, make a compelling case for selling Bitcoin.

And yet selling all your Bitcoin now would be a mistake.

Here's why holding Bitcoin makes more sense...

Why Is the Bitcoin Price Rising Past $1,000?

With a 30% gain in December alone and a sudden jump past $1,000, the question "why is the Bitcoin price rising?" is suddenly on many minds.

The Bitcoin price leapt 123% in 2016, making it by far the best-performing asset of the year. The price of Bitcoin has been on fire lately because of multiple catalysts.

Here's why Bitcoin soared past $1,000 - and why it will go higher in 2017...

Bitcoin Price Predictions and 2017 Forecasts from 11 Top Influencers

Bitcoin price predictions

With Bitcoin coming off a strong showing in 2016, several key influencers in the digital currency community have put forward very optimistic Bitcoin price predictions.

To get a sense of where Bitcoin stands heading into 2017, Money Morning asked nearly a dozen top members of the Bitcoin community what they expected from 2017.

That includes their Bitcoin price predictions.

Some of these Bitcoin forecasts are well in excess of $1,000...

Why the Bitcoin Price Is Rising

With the Bitcoin price up more than 18% in the past month, a lot of people are wondering what's behind the steep rise.

It's a complicated answer, but know that multiple catalysts have converged to drive the price of Bitcoin up. And this isn't just recently. Bitcoin is 67% higher since the beginning of the year.

Here's why the Bitcoin price is rising now...

What the Bitcoin Price Will Do After the Bitcoin Halving

bitcoin price

The Bitcoin price could be in for a shock this weekend as the long-awaited Bitcoin halving hits.

The Bitcoin halving means the reward that Bitcoin miners receive for solving a "block" in the blockchain falls from 25 bitcoins to just 12.5 bitcoins.

Short-term concerns about a big drop in the price of Bitcoin are overblown.

But how the halving will affect the Bitcoin price in the long term is another story...

Investing in Bitcoin Has Delivered an Annual Return of 82%

investing in bitcoin

For the past few years, investing in Bitcoin has been a scary prospect thanks to its infamous volatility.

But if you apply the compound annual growth rate (CAGR) tool to even out that volatility, Bitcoin's appeal becomes apparent. Using CAGR, Bitcoin's annual return over the past three years is a stunning 82%. And it's not over.

These annual Bitcoin price gains will outstrip any other investment...

Why the Bitcoin Price Rise on Brexit News Matters

bitcoin price

The Bitcoin price got a healthy 8.8% pop from the shocking vote in Britain to leave the European Union, otherwise known as "Brexit."

While it should have been no surprise that the price of Bitcoin would follow gold during a black swan event like this, the digital currency until now hasn't been widely viewed as a safe haven.

Here's what's changed - and why investors now need to seriously consider adding Bitcoin to their portfolios...

Bitcoin Price Surges Today, and More Gains Are Coming

Bitcoin price

The Bitcoin price breached the $700 mark today, its highest level since February 2014.

The cryptocurrency is up more than 51% in the last month and is poised for more gains.

Here's how high the Bitcoin price could be headed this year...

Why These Bitcoin Price Moves Are All About China

Price of Bitcoin

The sudden 20% jump in the Bitcoin price over the past week can be traced back to buying in China.

The Chinese became interested in the digital currency back in 2013 and now are responsible for more than 90% of the world's Bitcoin trading. But the rapid rise in the Bitcoin price had a trigger.

Here's why Chinese investors made a mad dash for Bitcoin last week...

This Bitcoin Price Prediction Sees a 2016 Rise to $1,000

Bitcoin price prediction

A new Bitcoin price prediction from an entrepreneur with a knack for making accurate calls on the digital currency sees Bitcoin going much higher over the next two years.

This is the third time in three years that Gyft founder Vinny Lingham has made a Bitcoin price prediction, and he was spot-on with the first two.

Here's why Lingham thinks Bitcoin will double in 2016 - as well as his surprising 2017 Bitcoin price prediction...

Why the Bitcoin Price Is Surging in Spite of the "Obits"

bitcoin price

The Bitcoin price has doubled over the past year, and is up a solid 12% in April, despite an army of critics that continue to declare the digital currency dead.

Meanwhile the Bitcoin ecosystem continues to grow and thrive. What the critics can't see (or refuse to see) is that the price of Bitcoin has several powerful catalysts working on it right now.

Here's why the Bitcoin price is destined to rise much, much higher...

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...