Top Bitcoin Exchange Executive says Bitcoin Price Could Soar to $3,500 This Year – Bitcoints

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Published on May 16th, 2017 | by bitcoin

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Top Bitcoin Exchange Executive says Bitcoin Price Could Soar to $3,500 This Year

Sandeep Goenka, the co-founder of Zebpay, one of India’s three leading Bitcoin exchanges, believes that Bitcoin price can reach $3,500 by the end of 2017.
Despite a few setbacks, Bitcoin price has maintained a strong rally over the past few months.




After recording a 30 percent monthly increase in value, Bitcoin price has continued to maintain stability in the $1,700 region for around two straight weeks.
Such stability in value should be considered as an optimistic outlook on the mid-term growth of Bitcoin price.
In fact, Bitcoin price is able to grow at a stable rate because global awareness toward Bitcoin is increasing and the demand from institutional investors is rising.

Source: Cointelegraph.com

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