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Friday, June 2, 2017

CNBC Covfefe: Bitcoin Price Could Hit $100,000 in 10 Years

CNBC Covfefe: Bitcoin Price Could Hit $100,000 in 10 Years

Kay Van-Petersen, an analyst at Saxo Bank, told CNBC that Bitcoin price could hit $100,000 in the next 10 years.

Cointelegraph previously reported that the daily trading volume of the cryptocurrency market was nearing that of major stock markets. However, the cryptocurrency market’s trading volume is still only a fraction of leading stock markets such as NASDAQ.

In order for the cryptocurrency market to surpass the trading volumes of major stock markets, it has to surpass a trillion dollar market cap. In an interview with CNBC, Van-Petersen stated that Bitcoin alone will most likely achieve a trillion dollar market cap in the next 10 years and a price of $100,000.

More to that, Van-Petersen predicted the daily trading volume of the cryptocurrency market to account for at least 10 percent of the average daily volumes of fiat currency trades which is a $500 bln trading volume.

Full story at http://bit.ly/2rxgXqP

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