Saturday, January 20, 2018

Will the price of cryptocurrency really reach $ 100,000 by the end of the year ? :

A well-known financial analyst broke the silence on the US channel CNBC to show that the price of digital currency could exceed $ 50,000 this year, and even reach $ 100,000. And this Australian man does not just talk about Bitcoin ...

Very optimistic forecasts
Predictions of the value of cryptocurrencies are debated around the world. It must be said that many are speculating about the future of digital currencies. And among them is Kay Van-Petersen, a well-known financial analyst at Saxo Bank. If we retain his opinion today on this thorny issue, it is simply because his predictions have proved true. They were a little too pessimistic but flirted with reality.

 In December 2016, he predicted the soaring Bitcoin, speaking of a value of up to $ 2,000 in 2017. Bitcoin has crossed the 20,000 mark. But this time, it announces an absolute record, believing that Bitcoin should reach between $ 50,000 and $ 100,000 by the end of 2018.

Precise justification elements
Kay Van-Petersen relies on two elements to prove that he is right. He first announced that a large part of Wall Street will invest heavily in Bitcoin, resulting in a considerable increase in demand. And so an increase in prices. The financial analyst also talks about the arrival of institutional investors who should participate in the increase in the price of cryptocurrency:

"First of all, we could say that we witnessed a real correction for Bitcoin, which posted a loss of up to 50%, which is healthy. But we have not yet seen the total effect of futures contracts. "
Both elements should therefore have particularly important effects on the price of cryptocurrency. But be careful, according to the man, it is not Bitcoin that will take the most value this year ...

A record increase in the value of Ether
According to Kay Van-Petersen, do not rely solely on Bitcoin. This digital currency will certainly increase this year, but it is the Ether which he says will show the best performance. The currency of the Ethereum network came after the Bitcoin but benefits from several advantages not to neglect according to the specialist:

And you can see that the number of transactions conducted on this network totally eclipses the one that can be found on the side of other crypto-currencies "

And it is true that the number of daily transactions on the Ethereum network are of the order of a million now. So is he right in predicting such a bright future in Ether? Patience.
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