Bitcoin hit and crash the 800 dollar forecast.

I was on the trade, I saw the news I read it the news came out on Zero Hedge of other indicators that Bitcoin price was gonna blow. I head out for a walk, I come back, and $800 is crushed, this is well before Christmas. I told my newbies in training on the trade that BTC will reach $800 by year’s end, I posted on many forums that this is what will be and now we’re here. Bitcoin has now reached its highest price point in almost three whole years, since early months of 2014, in the aftermath of the Mt. Gox collapse.

$800 USD! This was the actual price of btc on February 5th of 2014, but looking at the chats,  Bitcoin seems to have little resistance to future gains. Even Bitcoin’s scalability can no longer stop its growth, I have my reasons.

1st.  Take a look at the Gold premiums.

 Leveling at a level unseen since the Lehman Brothers crisis in 2013. It is only logical to conclude that Bitcoin is also in play on the upside.

2nd.India, Nigeria, and Venezuela economic troubles.

Merchants in India are starting to pick up on the growing Bitcoin market, and many are now accepting Btc as form of payment as cash is scarce. Looking at the purchasing chat at localbitcoin.com you will see the rise in demand for countries like Nigeria and Venezuela. 

Now the forecast

Saxo Bank recently predicted that Bitcoin has the potential to grow more than double in value to as much as 2000 dollars. Is this possible?.  Looking at the way things are going I think If the scalability issues can be solved, and expansive future applications like Segregated Witness and The Lightning Network can gain acceptance, nothing can stop Bitcoin’s adoption potential.