Where to now for Bitcoin?

Bitcoin didn't just survive its recent split, as we predicted it would; it's thriving. All of the media bluster was just that, with both Bitcoin and the newly-formed Bitcoin Cash setting record highs. But with more attention than ever now focused on cryptocurrencies and their meteoric price increases we figured now was as good a time as any to take a closer look at our indicator, Currency watch: Bitcoin. Just yesterday our economists updated their call on the cryptocurrency, deciding that it has finally become too hot to handle:

Since the beginning of 2015 the price of a single Bitcoin has increased 1,000% against the US dollar. In the past two months the rate of growth has accelerated exponentially. Is it a bubble? Perhaps. The upsi …

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About the author

Dr Justin Pyvis is the Founder and Chief Economist at Pixelics. Justin is a published academic with a wealth of experience from working at AECOM, a global consultancy on the Fortune 500 and more recently with Asianomics Group, an economic, corporate and technical analysis research company based in Hong Kong.