Wednesday, May 31, 2017

Assuming central banking remains clueless

Bitcoin could hit $100,000 in 10 years, says the analyst who correctly called its $2,000 price
  • Bitcoin could make up 10 percent of the $5 trillion average daily volume in the foreign exchange market in 10 years, according to Saxo Bank analyst Kay Van-Petersen.
  • Its market capitalization could grow to $1.75 tr.illion which would make each bitcoin worth $100,000.
Central banks will discover their fear of the sandbox is unfounded and adopt the principles, In that case, all bets are off and bitcoin may just sit around at thousands of dollars. However, that assumption requires that Congress get a clue before they default, not after.

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