In the 4th quarter of 2016 saxo bank published its annual outrageous predictions pegging Bitcoin to reach an all time high of $2000 usd mid 2017.
As the banking systems and the sovereigns of Russia and China move to accept Bitcoin as a partial alternative to the USD, Bitcoin triples in value, from the current $700 level to $2,100.- Van Peterson,Saxo Bank
Van Peterson the analyst for saxo bank that predicted the $2000 price explains that:
As of today there are only 16.5 million bitcoins in existence of the total possible 21 million Bitcoins. By 2027 there will be an estimated 17 million bitcoins due to the rise in difficulty every time a new block of bitcoins is mined.
With some simple math 17 million / 175 billion = $100,000 per bitcoin, and that is just one analysts prediction. Other analysts have plaed bitcoin at prices as high as $500,000 per bitcoin.
By now you might be saying, I can't afford to spend $4500. The best part is unlike stocks, you can buy pieces of bitcoin, and add to your investment over time.
Where to buy bitcoin.It's a lot easier than you think !
We will start with the easiest option coinbase.com a FDIC insured bitcoin exchange.
Other than Coinbase There are 3 other popular sites to get bitcoin
Face to Face with bitcoin brokers
Free Bitcoins|Gambling site