This was posted on CNBC by Arjun Kharpal 1 Hour Ago
The price of Bitcoin could hit more than $2,000 in 2017 driven by expectations that U.S. President-elect Donald Trump may introduce economic stimulus policies, which could send inflation soaring and propel the dollar to record highs, a report from Saxo Bank claims.
Bitcoin is currently trading around $754.51, according to CoinDesk data. A handle of over $2,000 would represent 165 percent appreciation.
Read the full article here.
Prediction/Speculation
This message will get repeated a lot over the next few days across the mainstream media, but I think they just want to reinforce the idea that Trump is terrible for the US economy , ignoring the reality that the US economy is beyond fucked already.
Looking at my weekly btccny charts though, I don't think we're going to the moon right now - this may be an attempt to get people to buy the short term top ..
OKC BTCCNY Weekly - View full size , Live chart
I'd love to see moon happen, I've been expecting the next bubble to take us closer to around $3k eventually - But I wouldn't personally buy all into bitcoin right now..