CNBC recently interviewed Kay Van-Petersen, an analyst from Saxo Bank who predicted that Bitcoin could reach $100,000 in the next 10 years. [image source: cnbc.com]
His prediction is based on the fact that Bitcoin could potentially reach a Market Capitalization of $1.75 Trillion in 10 years.
Van-Petersen outlined several reasons why he thinks the price could reach $100,000 in 10 years. One of those reasons include the fact that Bitcoin will have a supply of 17 million coins in circulation in the next 10 years.
If we divide the expected supply of 17 million coins in 10 years by the expected Market Capitalization of $1.75 Trillion in 10 years then we should get to $100,000 per Bitcoin.
You can read the full story at CNBC for more information on this prediction: Bitcoin could hit $100,000 in 10 years, says the analyst who correctly called its $2,000 price
I am eager to see what the future holds for Bitcoin. Please follow Bitcoinkings on Steemit for updates on the performance on Bitcoin.
Just in case you haven't read my previous post on Steemit: Discover How to Margin Trade Stellar (STR) on Poloniex
