The biggest value reached by bitcoin these days is $ 2750, and currently the value is less ranging between $ 2,300 and $ 2,450.
But can it exceed $ 3,000 in the future and reach higher levels, for example $ 10,000? What about $ 100,000?
Back to December 2016 Saxo Bank has published an annual report in which it expects to reach $ 2000 this year, with a digital value of only $ 754.
Of course, this expectation has been achieved since May 20, and has recently peaked at $ 3,000 before falling back but is now regaining growth.
Analyst Kay Van-Petersen, who is behind this forecast, is now looking at far-reaching future trends for this currency which he believes has been found to stay.
Digital currencies will not disappear in the coming years, but will remain and will be more recognized and will be of great importance as is the case for traditional currencies.
The man expects the value of the homeowner to rise by about 3483 percent, to $ 100,000. Yes, $ 100 thousand, sir, which means that what is happening now is not just a start and the current gains are nothing compared to if you invest in this currency for the future,
Analyst Kay Van-Petersen believes that digital currencies will account for 10 percent of conventional currency trading a decade from now, and it is known that the volume of this trade reaches $ 5 trillion.
10 percent of the $ 5 trillion is $ 500 billion and this will be the volume of digital currency trading after 10 years from now, and about 35 percent of which will be the share of the company, which means that the market value will reach $ 175 billion.
This means that $ 175 billion of the currency will be traded daily, while its market value will reach $ 1.75 trillion, a very large volume compared to its current market value of $ 37.8 billion.
Currently there are 16.3 million KFH traded and analyst Kay Van-Petersen sees their number to reach 17 million after 10 years.
Of course if 17 million potential bitcoin supply is divided by an estimated market value of $ 1.75 trillion, each home equity worth just over $ 100,000.
He therefore concluded that the remaining digital currencies would benefit from this momentum
It is known that the analyst Kay Van-Petersen owns many of bitcoin and is an investor in this area, so it is in his interest to increase the value of this currency in the future.
But for the other currencies he did not mention anything of his own. But when he said the digital currency market would grow dozens of times and the share of bitcoin would be 35 percent, I can say that if this forecast is realized the rest of the digital currencies will make strong gains.
This means that many currencies, including Ethereum, will make big gains and their value will double, and for many currencies whose value does not currently exceed $ 1 one, their value can also double and reach hundreds or thousands of dollars.
But there are major challenges that can prevent this happening
The bad reputation continues to stalk digital currencies. It is used to finance terrorism and cybercrime, which are the preferred currencies for cybercrime and illegal acts on the Internet.
It is this reputation that drives governments to be wary of them and there is a high risk of being involved in money laundering and used in bad and illegal violations.
To date, most governments have not recognized them, and China and Japan are among the countries that have decided to live with them while monitoring their trends and their impact on the economies of both countries.
Wall Street refused to add them to currencies that could be traded, only a few weeks ago and there are more attempts by its supporters to legitimize them.
End of article:
That's what analyst Kay Van-Petersen, who invests personally in the currency of the company, expects, and it is certainly his wish.
I don't believe that Bitcoin provides such a grow. I would recommend to focus on altcoins among which Steem is the one to take the lead. Check my analysis up: https://steemit.com/steemit/@godfish/full-steem-ahead
Believe Bitcoinn becomes the strongest coin
Bitcoin IS and WILL BE the strongest coin. Besides of BTC there are ETH and Steem that will rule.
Yes the financial future is the online currency
This was a very interesting and informative article. Thank you for sharing this post.
thank you hendrix22
I think this is very much possible. The thing I wonder is as to just how fast paper currency will go away because in most cases it has no actual backed value.
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