The price of Bitcoin has risen from 12k to 19k in just a few short days. I speculate that the recent surge in volume buying is due to the Institutional Money entering the Bitcoin Market. This article from Los Angeles Times mentioned the following:
"The price swings are occurring not long before bitcoin starts trading on two established U.S. exchanges. Futures for bitcoin will start trading on the Chicago Board Options Exchange on Sunday evening and on the Chicago Mercantile Exchange a week later."
With two established US Stock Exchanges opening Bitcoin in the next 10 days, I'd say Bitcoin is just at the beginning of a long steady incline! We should see a bitcoin price of 30k or 40k within the near future. My prediction is 100k by end of 2018.
Bitcoin demands respect. I believe she's earned it!
