Published On: Mon, Feb 6th, 2017

Bitcoin Price to Hit $2000 in 2017 Due to ‘Solid Fundamentals’ – Analyst

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Bitcoin price is always a hot topic, and for good reason. The recent roller-coaster ride has been exciting, and Bitcoin investors have enjoyed good times, recently. Now, an investment analyst at Lombardi Letter says the good times will roll throughout 2017.
Analyst: Bitcoin to Double in Value, Again
Benjamin Smith is and editor at Lombardi Letter, a newsletter for investors with a subscriber network of over 400,000, and he sees plenty of reasons for Bitcoin to soar again in 2017. In fact, he believes Bitcoin will double in value again, after doing the same last year.

“I expect that $2,000.00 can be achieved this year (more than double the current BTC price) barring any imposition of draconian measures placed on exchanges or trading,” says Smith.

There’s simply too many positive catalysts working in Bitcoin’s favor at the moment.

The reasons for optimism are based upon “sound fundamentals,” which are several. First, he mentions the economic issues that continue to plague China, with the Yuan losing almost 14% of its value against the U.S. Dollar over the last four years. There are no indications that this trend is nearing an end, and with China still among …

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