Bitcoin price may hit $100,000 in Ten years. The prediction is made by the same analyst who predicted that Bitcoin price will touch $2000 in 2017.
Kay Van-Petersen, an analyst at Saxo Bank predicted the $2000 price level back in December 2016. At that time Bitcoin was trading at around $754, so the target price represented a 165 percent rise. Bitcoin hit $2,000 on May 20. It made it’s all time high around $2700 and is now stable in the range of $2200-$2300. A price correction is still expected.
The analyst now makes a long term prediction and sets a target of $100,000 in Ten years.
“Bitcoin could make up 10 percent of the $5 trillion average daily volume in the foreign exchange market in 10 years”, according to the analyst at Saxo Bank.
Bitcoin could make up 10 percent of the $5 trillion average daily volume in the foreign exchange market in 10 years, according to Saxo Bank analyst Kay Van-Petersen.
Its market capitalization could grow to $1.75 trillion which would make each Bitcoin worth $100,000.
Source : KryptoMoney.com