Bitcoin predicted to hit $ 100,000
By 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.
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