Bitcoin Price Watch 7 April 2017

Bitcoin Today – The Bitcoin price is moving and about 10% up on last week. The Fundamentals continue to be strong and the move by Japan to make Bitcoin a legal payment system on 1 April will do much to drive the Bitcoin price. In the news recently, partnerships with large retailers and other merchant adoption could see approximately 260000 businesses come on board in Japan during 2017. This is very bullish news as this will drive more consumer adoption.

The SegWit / Bitcoin Unlimited / Hard Fork debate seems to have quietened down somewhat but not as yet resolved. Litecoin will be the first network to implement SegWit and as Litecoin is a derivative of Bitcoin, this will be a good test.

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