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Wednesday, May 3, 2017

Bitcoin Price Can Reach $2,000 This Year, Still Has Advantage: Expert

Bitcoin Price Can Reach $2,000 This Year, Still Has Advantage: Expert

Bitcoin price in 2017 has exhibited very dynamic behavior. Ever since conquering the $1,000 mark at the turn of the New Year, the volatility in the price of the cryptocurrency has increased significantly as represented by the huge swings being noticed very often.

Incidentally, external factors which includes government intervention, industry competition, internal community disagreements among others have been responsible for both the rise and fall in Bitcoin price.

Certain developments which were expected to affect Bitcoin negatively have turned out to become catalysts in the propagation of the cryptocurrency. Some of these factors include actions by governments, criticism by acclaimed competitors, internal community debates among others.

Trading around $1,330 at the time of writing, certain predictions have surfaced which expect Bitcoin to hit the $2,000 mark in 2017.

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