Yes you heard right bitcoin can break all previously record. Mr. Van predicted that bitcoin can touch height of $100000 in 2018, would like to introduce you who is Mr van. He is the guy who said in December 2016 that bitcoin would reach $2,000 in 2017, a feat achieved in May.
Van-Petersen said Tuesday that bitcoin could hit between $50,000 and $100,000 in 2018.
"First off, you could argue we have had a proper correction in bitcoin, it has had a 50 percent pull back at one point, which is healthy. But we have still not seen the full effect of the futures contracts," Van-Petersen said.
The CME and Cboe both launched bitcoin futures trading contracts last year. The move was seen as a way to get more institutional investors involved in the cryptocurrency market and legitimize it. But trading got off to a light start. Van-Petersen said that more institutions will get on board over time, but it won't happen quickly.
To reach $100,000, bitcoin would need to rally over 635 percent from Tuesday's highest price of $13,601.43, according to CoinDesk. Previously, Van-Petersen said that $100,000 could take ten years to hit.