Bitcoin predicted to hit $ 100,000

Moris Beracha.- 

The beginning of 2018 was not successful for Bitcoin, after surpassing the meteoric value of $18,000 per token in December. In January, things changed when the price of the digital currency reflected a decrease and stop growing, sinking below $ 11,000. However, Kay Van-Petersen, the fintech specialist who predicted the bitcoin’s rally at the start of 2017, said the cryptocurrency could hit $ 100,000 in 2018.

Despite the abrupt fall, the analyst's statements did not go unnoticed. Van-Petersen said that bitcoin could hit between $ 50,000 and $ 100,000, in 2018, reported La Nación de Argentina.

"First off, you could argue we have had a proper correction in bitcoin, it has had a 50% pull back at one point, which is healthy. But we have still not seen the full effect of the future contracts," Van-Petersen told the US network CNBC. To reach the $ 100,000, bitcoin would need to rally over 700%.

Also, the analyst said that ethereum, which today is worth ten times less than bitcoin, although its market capitalization has accounted 50%, will have a superior performance. "Ehereum came after bitcoin; it has a more unified leadership than bitcoin. They seem to be a bit further along the way in regards to forming the solution to scaling issues," he said.