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Bitcoin's on the rise again so what's next in 2016?

Love, loathe, fear or ridicule it the Bitcoin is here to stay for a while yet

As we look ahead to 2016, and ForexLive prepares its own forecasts, here's a piece of week-end reading from Bloomberg

"While the hype may have faded a bit, 2015 was still a busy year for bitcoin. Venture capital investments topped $1 billion for the first time. People are finding it easier to invest in the digital currency, thanks to the debut of firms such as Bitcoin Investment Trust. Big financial companies-Nasdaq, American Express and Visa- invested in Bitcoin startups.

So what's in store for 2016? We'll probably see the first bitcoin company valued at more than $1 billion, a self-imposed slowdown in new bitcoin production (which will put some miners out of business) and more financial institutions embracing the currency and its technology. The main unknowns are the price, consumer adoption and-as always-the real identity of Bitcoin's creator, Satoshi Nakamoto. This all comes as Bitcoin trades near year-highs, at around $438 on Friday"

Bloomberg has more here

Enjoy the rest of your week-end. See you all tomorrow

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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