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Set it up now if it And it may not but we'll have to see. so anyway moving on to Saxo bank in their recent comment on the court so Saxo bank is like I said a huge investment banking company in Denmark well. Greater Danish terrace Saxo terrace extended its optimism respectingcryptocurrency consequence in twenty eighteen and its lath quarterly prognosis front what he relate as a springboard for cryptocurrency horseshit bazaar. Analyst Jacob Pouncey for the banks sexo strands in house team of strategists were fairly well respected or very well respected even. Curried whether crypto assets were entering a new cycle. And he's quoted as saying historically many of the blue chip crypto currencies have seen price increases in the face of global uncertainty and risk off events. such as bricks at the election president trump and the north Korean missile tests he wrote continuing by saying the inflow of institutional capital to the crypto currency market due to the aggravate in law and investor shelter. could lode crypto currencies to a very actual allot. which I definitely agree with obviously we saw some very bad regulatory practices a couple of months ago that I obviously cannot really agree with the government was going a bit crazy with the regulation of crypto currencies and that's not good at all however recently they've kind of pull back from that and governments of the world are kind of taking a more hands off approach to the regulation of crypto currencies which is really I think the way to do it.
So Saxo bank is well known for its price predictions for pick one in particular into sixteen one the court was trading between four hundred and fifty and nine hundred and fifty USD analysts of Saxo bank forecasted prices hitting twenty one hundred dollars. The following year something at the time included in a list of outrageous predictions and last December Saxo bank actually warned people that pick one could fall to one thousand dollars per coin at twenty eighteen however that was just the opinion of one analyst another analyst seated and they went on the record as saying that they believe the coin could reach one hundred thousand dollars perfect point by the stars of twenty nineteen and
that analysts was K. van Peterson. so they went on actually state quote in my opinion we will eventually see the end of the current to negative cryptocurrency cycle as many of the weekends have been shaken out by the bear market. which is something that I also agree with and the remaining investors are on the ready to latch on to any good news after the best start this year. so I do you honestly think that the sell off that we experience in January has really done a good job at shaking off one of the people. That were really too strong we invested in the ideals of crypto currency or a big point
to begin with and recently away football street talent end of money have been moving into the crypto space two days ago on April eighteenth Quinn basin notes that hedge fund arches if capital management exact a Louisiana highs was joining them as C. F. O. which was pretty exciting news also this week former Goldman Sachs executive Brianne mad again joined major crypto wall it blockchain.com as the head of institutional sales and strategy and further more on the eighteenth of April US space stable corn project basis revealed. That have raised one hundred and thirty three million dollars in funding from major venture capital names including Bain capital ventures and Andreessen Horowitz so anyway folks it looks like the crypto momentum is really starting to pick up again I think that the press.
More Did she reached sort of just Saxo bank are becoming increasingly comfortable with crypto currencies especially big point and providing news about them providing price predictions and venture capital companies and groups are investing in blockchain and crypto currencies in general. which is really pretty exciting so honestly folks I think that this is a really exciting time right now I think the prices are starting to pick back up. we've definitely seen that over the past couple days and over the past week. so we'll see what this weekend brings we might see some slight resistance. I think you know maybe a slight pull back this weekend But aside from that I think that we could actually be realistically
looking at probably nine thousand dollars per point again soon. which would be really great so anyway folks let me know if you think down the comments section below as always thank you so much for reading us to see all of you in the next article like this really feel like it's upvote for more content.