Bitcoin Trends in 2016
The new year has just started and it brings us new questions about the future of Bitcoin. What can we expect in 2016? As we write, the stocks value on the traditional exchanges is crumbling while oil price is dipping again. We can comfortably say that the year is starting with financial stormy weather and bitcoin could profit from that. Based on that we expect 3 major trends in the next months:
1) Bitcoin as "store of value"
Bitcoin has been the best performing currency of 2015 http://www.zerohedge.com/news/2016-01-07/its-official-bitcoin-was-top-performing-currency-2015 . Starting quietly and noiseless the past year it kept a stable value till October to raise its price towards the end of the year. If this trend will hold in 2016, we will see how Bitcoin is going to be use not only as "means of exchange" , but also as an excellent "storage of value".
2) Regulation of Bitcoin is on it's way
Classified as "commodity" in many European countries Bitcoin is getting increased attention by regulators and will very likely be subject to legislation this year. Fearing that the use of virtual currencies could facilitate money laundering or even terrorism, many politicians are asking for tight controls http://www.coindesk.com/french-right-wing-reps-seek-bitcoin-control-powers-european-parliament/ over Bitcoin and its use. Some European Central Banks have in the past year underlined “the high level of risk" that virtual currencies as Bitcoin are carrying and they started keeping a close eye on Bitcoin business activities. It is only a matter of time that policy makers will choose to regulate Bitcoin in one way or another.
3) Bitcoin Blockchain also known as The Blockchain
Blockchain started to be hot in 2015 and it will be even hotter this year. Back in 2015 Wall Street invested millions http://www.forbes.com/sites/laurashin/2015/09/09/visa-citi-nasdaq-invest-30-million-in-blockchain-startup-chain-com/ in Blockchain start ups that should build the "killer App" of the payment system. The year 2016 will probably see more Blockchain applications towards the "Internet of Things" that will go beyond the use of Bitcoin and cryptocurrencies merely as money like for example "smart contracts".
Did you find this article interesting? Then you could also like: http://www.forbes.com/sites/laurashin/2015/09/09/visa-citi-nasdaq-invest-30-million-in-blockchain-startup-chain-com/ or: https://blog.happycoins.com/blog/2041-bitcoin-game-changer-fintech.html
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Topic: Bitcoin trends and regulation in 2016 (Read 919 times)
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