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 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 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...
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...
The Bitcoin value today jumped 8.5% in 90 minutes as buying on Bitcoin exchanges in China surged.
The surge sent the Bitcoin price from $269.11 to $291.98, fell back to the mid-$280s then surged again to $295. That's the highest level for the price of Bitcoin since mid-March.
Here's why China is buying up Bitcoin faster than ever...
The Bitcoin market cap plays a key role in making sense of Bitcoin value predictions of $10,000, $100,000 and even $1 million.
As of today, the Bitcoin market cap is $3.2 billion. That's 14.22 million bitcoins times $225, the price of Bitcoin on Monday afternoon. That's not a lot of money for a technology that's expected to revolutionize the world of finance.
But the way Bitcoin is designed will force the Bitcoin market cap higher as time goes on...
In Parts I and II of the Money Morning exclusive interview with Chamber of Digital Commerce President Perianne Boring, she talked about how her work in Washington and the importance of having more women in Bitcoin.
At 27, Boring has become one of the pre-eminent voices in the world of Bitcoin.
Most people are still trying to find their place in the world when they're 27 years old.
Not Perianne Boring.
She's the president and founder of the Chamber of Digital Commerce, a trade association designed to advocate for Bitcoin not just on Capitol Hill, but amongst the regulatory maze that is Washington.
We recently had the chance to sit down with Boring and talk with her about how she's managed to achieve so much in such a short time, Washington's evolving relationship with Bitcoin, and more.
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...
For people having a hard time grasping what Bitcoin is all about, deliverance is at hand.
A new Bitcoin documentary - “The Rise and Rise of Bitcoin” - makes this abstract form of money easier to understand. And you don’t need to be a geek to get something out of it.
Along the way, “The Rise and Rise of Bitcoin” also does a thorough job of detailing the history of Bitcoin, beginning with its creation by the mysterious Satoshi Nakamoto.
But here’s the reason why this film matters…
When you start seeing a lot of Bitcoin news headlines declaring that the digital currency is dead or dying, it can only mean one thing.
Bitcoin prices are bottoming out and will soon start rising.
That’s not the conclusion one would normally draw from a Financial Times story that just pronounced the “end of Bitcoin,” but in this case it’s correct.
To make sense of this, we need to turn to science…
The true Bitcoin value proposition has long puzzled those outside the Bitcoin community, but a small San Francisco startup could soon change all that.
This six-month-old company, Chain, is offering simplified access to Bitcoin's underlying infrastructure, known as the blockchain, so other companies can build a whole range of applications on top of it to exploit the real potential of the digital currency.
We’re about to enter a brave new world…
While everyone wants to know why the Bitcoin price is falling, no one is panicking.
There are many reasons for that, such as the rising number of merchants accepting Bitcoin and the millions of dollars in venture capital that continue to pour into Bitcoin startups.
But the latest crash in the Bitcoin price took many by surprise, as it followed weeks of stability. So what happened?
It turns out the most likely explanation is one that most seasoned investors will recognize...
E-commerce giant eBay Inc. (Nasdaq: EBAY) is very close to offering Bitcoin payment as an option via its Braintree subsidiary - a high-profile move that will mark another milestone on the road to mass adoption of the digital currency.
It's likely that the Braintree subsidiary is serving as eBay's guinea pig, testing Bitcoin payments on a smaller scale before rolling the feature out to PayPal and the eBay site itself.
At that point, other major merchants will have some big decisions to make...
Some negative Bitcoin news from the Consumer Financial Protection Bureau yesterday (Monday) - a blunt warning of all the dangers of Bitcoin - illustrates the uneasy relationship the U.S. government has with the digital currency.
The CFPB "consumer advisory," which encompasses all virtual currencies, effectively scares people away from them by presenting a laundry list of worst-case scenarios.
