I think it will stay around $500. Since, unlike before the supply is stagnant now, and demand increasing slowly.
Although it is not widely accepted, and don't expect it grow very fast since we still do not have proper infrastructure to support it. Bitcoin is definitely the currency of the future but, people do not like change and way too volatile for the present.
It's value will increase exponentially once people start using it like normal currency and stop comparing it with fiat currency.
In 2016, the bitcoin price has appreciated by more than 100% which is a positive sign for the following year. In 2017, we might see major elevations in the bitcoin price. The analysts are already predicting a staggering rise of more than 165% in the bitcoin price which means it might go beyond the $2000 mark in the near future. The impending “Spending Binge” might prove to be a major catalyst in appreciating the price of bitcoin in coming months.
After years of volatility, the Bitcoin price forecast is finally on an upward trek through 2017 and beyond. In just five years, the Bitcoin price (BTC price) rose from a few cents to over $1,000, which should give you some sense as to how much money early investors made. But don’t worry, our
Bitcoin price prediction 2017 shows that there is still more room to the upside.
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