The price of the crypto-currency is going to does it really reach 100 000 dollars by the end of the year ?

A very famous financial analyst is out of the silence on the american channel CNBC to demonstrate that the price of the digital currency could exceed $ 50 000 this year, and even reach the 100 000 dollars. And this man of australian origin do not speak only of the Bitcoin…

Forecasts to be very optimistic

The forecast for the value of the crypto-currencies are being debated in the world. It must be said that there are many people to speculate about the future of digital currencies. And among them, we find Kay Van-Petersen, a famous financial analyst at Saxo Bank. If we remember today for his opinion on this thorny issue, it is simply because its predictions have turned out to be true. They were a bit too pessimistic, but flirted with the reality.

Pixabay – Toffanello

In December 2016, he had predicted the skyrocketing of Bitcoin, speaking of a value up to $ 2,000 in 2017. However, the Bitcoin has crossed the 20,000 mark. But this time, he announced an absolute record, considering that the Bitcoin is expected to reach a value between 50 000 and 100 000 dollars by the end of the year 2018.

Elements of justification specific

Kay Van-Petersen relies on two elements to prove that he is right. It announces, first, that a large part of Wall Street will invest heavily in Bitcoin, resulting in a significant increase in demand. And so a price increase. The financial analyst also speaks of the arrival of the institutional investors who should participate in the increase in the price of the crypto-currency :

“First of all, one could say that we have seen a real correction for the Bitcoin, which has shown a loss of up to 50 %, which is healthy. But we have not yet seen the total effect of the futures contracts. “

Two elements should, therefore, have effects which are particularly important to the course of crypto-currency. But attention, according to the man, this is not the Bitcoin that will take the most value this year…

Well I’d say that this chart is rather instructive…#Bitcoin pic.twitter.com/wyQ9uZVsiH

— TF Metals Report (@TFMetals) 22 December 2017

A record increase of the value of the ether

According to Kay Van-Petersen, it is not necessary to rely solely on the Bitcoin. This digital currency will certainly still increase this year, but it is the ether which, according to him will have the best performance.

Pixabay – The Contributor

The currency of the network Ethereum is arrival after the Bitcoin but has several benefits not to be overlooked, according to the specialist : “And you can see that the number of transactions conducted on the network eclipse totally the one you can find on the side of the other crypto-currencies “

And it is true that the number of daily transactions on the network Ethereum are of the order of a million now. Then there reason to predict a future that is as bright in the ether ? Patience.

Source : UseTheBitcoin