Bitcoin price watching during 2016 has been very exciting – we have seen the halving event on 9 July, Bull runs, stable periods, reactions to exchange hacking and the highest ever traded volume supporting price rises. Bitcoin price vs US Dollar shows an increase of 168% growth in value – the worlds best performing asset class!
All in all, 2016 has been a fantastic year for Bitcoin with increasing institutional, investor and consumer adoption as well as mainstream media coverage. Geo Political events such as Brexit, the US Elections, Europe Banking crisis, China’s economy and devaluation of the Yuan, India’s demonetization and hyperinflation in Venezuela have all had an influence on the Bitcoin Price.
Roll on 2017, Bitcoin’s best year ever is on it’s way!
Bitcoin price growth for past two years January 2015 – December 2016 at 497%
Bitcoin price growth over past five years – Jan 2012 to December 2016 at 22435%
Source – xe.com
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