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Record highs predicted for bitcoin in 2016 as new supply halves

December 23, 2015 by · Leave a Comment 

The reason 2016 looks set to be different is that bitcoin's price is likely to be driven in large part by similar factors to a traditional fiat currency, following the age-old principles of supply and demand. Instead of being controlled by a central bank, bitcoin relies on so-called “mining” computers that validate blocks of transactions by competing to solve mathematical

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Record highs predicted for bitcoin in 2016 as new supply halves