Several factors have lead to a surge in the price of Bitcoin this year. One of the main factors has been the instability in China and Bitcoin emerging as somewhat of a safe haven. The Brexit referendum too led to price hikes in Bitcoin.There are still underlying factors present that could give the cryptocurrency a further push upwards. According to an article by Forbes Bitcoin transactions could triple.Forbes cited Juniper Research, a UK based company that specialises in identifying and appraising high growth market sectors as saying, “the total value of Bitcoin transactions is expected to exceed $92 billion (bn) this year – up around 240% from less than $27bn in 2015.”
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