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Topic: Bitcoin's 2014 prospects (Read 852 times)
How does everyone think Bitcoin will fare in 2014?
Considering it's dramatic rise in 2013, I think it's nothing but exponential growth from here on out. I've seen conservative estimates that place it around $5000 per Bitcoin by the end of the year but I'm thinking it's going to be something more like $10,000+. With an investment firm like Fortress getting in the fold, that will force other investment firms to follow suit. The same can be said about retailers. Once Overstock gets in the fold, other retailers ( Amazon, Wal-Mart, etc. ) will follow suit. This will cause an even further explosion in price because it will be introduced to the mainstream, a de facto IPO if you will. Needless to say, imo, 2014 should be a great year for Bitcoin.
Considering it's dramatic rise in 2013, I think it's nothing but exponential growth from here on out. I've seen conservative estimates that place it around $5000 per Bitcoin by the end of the year but I'm thinking it's going to be something more like $10,000+. With an investment firm like Fortress getting in the fold, that will force other investment firms to follow suit. The same can be said about retailers. Once Overstock gets in the fold, other retailers ( Amazon, Wal-Mart, etc. ) will follow suit. This will cause an even further explosion in price because it will be introduced to the mainstream, a de facto IPO if you will. Needless to say, imo, 2014 should be a great year for Bitcoin.
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