Published On: Wed, May 31st, 2017

Saxobank’s B2K Analyst: Bitcoin Could Reach $100,000 By 2027

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The Saxobank analyst who correctly called Bitcoin’s $2000 price last December says it could be worth $100,000 by 2027.
Saxobank’s Bitcoin Oracle Foresees $1.75 trillion Market Cap
Quoted by CNBC, Kay Van-Petersen, who co-authored the bank’s “Outrageous Prediction” for Bitcoin’s price, said the virtual currency had the potential to take 10% of the $5 trillion foreign exchange market in ten years’ time.
A $1.75 trillion market cap would make each coin worth $100,000 – a roughly 3500% increase on today’s prices.

Some #OutrageousPredictions turns out to be spot-on predictions #bitcoin Well done to our analysts! @KVP_Macro @Steen_Jakobsen
— Saxo Bank (@saxobank) May 22, 2017

Van-Petersen told the publication:
This is not a fad, cryptocurrencies are here to stay […] There will emerge two to three main ones. Bitcoin will be one of those. And the reason is the first-mover advantage, the scale and the pioneering.
Okcoin: Bitcoin Could Go The Way Of Internet Explorer
The cryptocurrency community will no doubt be buoyed by such glowing sentiments given Van-Petersen’s previous sixth sense when it comes to Bitcoin predictions.
Nonetheless, not everyone agrees. Major Chinese exchange Okcoin said in …

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