A notable Bitcoin researcher and developer , Vinny Lingham , who correctly predicted the price movement and development outlook of Bitcoin for two years in early 2015 , gaining many followers , has now released a new series of predictions for the currency , and they are markedly more bullish than his previous predictions . I don’t think so Lingham analyses several aspects of the payment network that he believes have changed since 2014 that lead him to a more bullish outlook : increasing consumer adoption ; the prominence and acceptance of smart contracts and the blockchain ; the growth in profit ##ability for Bitcoin miners ; the already upward momentum of the Bitcoin price ; and the strong trust that has been built in Bitcoin trading platforms such as Coinbase , Kraken , Circle , BitX , and others . Additionally , he highlights four new factors that he believes will lead to the price of Bitcoin significantly increasing : the proliferation in identified industrial use cases ; a coming short - squeeze ; a coming change in Bitcoin 's rate of inflation ; and a coming arms race whereby sovereign nations embark on a race to hold Bitcoin reserves , which he believes will happen in 2017 .
A notable Bitcoin researcher and developer , Vinny Lingham , who correctly predicted the price movement and development outlook of Bitcoin for two years in early 2015 , gaining many followers , has now released a new series of predictions for the currency , and they are markedly more bullish than his previous predictions . Lingham analyses several aspects of the payment network that he believes have changed since 2014 that lead him to a more bullish outlook : increasing consumer adoption ; the prominence and acceptance of smart contracts and the blockchain ; the growth in profit ##ability for Bitcoin miners ; the already upward momentum of the Bitcoin price ; and the strong trust that has been built in Bitcoin trading platforms such as Coinbase , Kraken , Circle , BitX , and others . Additionally , he highlights four new factors that he believes will lead to the price of Bitcoin significantly increasing : the proliferation in identified industrial use cases ; a coming short - squeeze ; a coming change in Bitcoin 's rate of inflation ; and a coming arms race whereby sovereign nations embark on a race to hold Bitcoin reserves , which he believes will happen in 2017 .