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 .
A notable Bitcoin blogger and developer, Vinny Lingham, who correctly predicted the price movement and development outlook of Bitcoin for two years in early 2014, gaining many plaudits, 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 Bitcoin 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 margins 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 predicts will happen in 2017.