Bitcoin price future: it is alive and well

How many times did you hear about the death of Bitcoin? About 45 according to a recent twitter post we found very funny. 

Well, according to us, Bitcoin seems to be alive and well, and there are lots of positive signs that indicate that this cryptocurrency is not dead as everybody thought.

The Bitcoin price, in fact, is now $549 (according to Bitstamp, or one of the most used exchanges in the world).Update: Bitcoin price is reaching $700 today, on June 13rd, 2016.

This means that the price rose more than 20% in the last 7 days, reaching a 1 year high, as we can see from the Bitcoin price index of Coindesk.

We tried to understand the reason behind this jump.

Of course it is hard to find a unique answer, but we saw that probably the Bitcoin price was driven by the Chinese demand, testified by the bitcoin price on the Chinese local exchange, which reached a level of $580 when it was priced $520 on the international markets.

Another important reason could be the halving process, as you can read in this insightful analysis.

But there are other reasons to be positive about Bitcoin, as several companies such as Microsoft recently started to develp their own projects related to the blockchain.

Also, several countries such as Japan started to regulate and recognize bitcoin as an official method of payment. Furthermore, Switzerland began to accept Bitcoin for Public Services.