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Home » bitcoin » Digital Currency » finance » Price theory and speculation Digital Currency

Price theory and speculation Digital Currency

Bitcoin Price chart via narkets.blockchain.info
Bitcoin Price chart via markets.blockchain.info
The price of bitcoin as shown above from the Blockchain Markets page has gone completely sideways, with the price remaining relatively the same for the past month. However according to Bitcoinist.net, the sentiment among analystsis that bitcoin is preparing itself for a hefty move in the coming weeks, but still needs a little more time to warm up.
The catalyst for the next big price event is never known, but CoinDesk theorized on a few opportunities that could help drive the price such as institutional approval, technical (protocol) improvements, etc. Research from a Bank of Canada paper recently published suggests that once virtual currencies like bitcoin become more established, the exchange rate will be less affected by speculator perceptions.
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