31 May '17, 9am

Bitcoin could hit $100,000 in decade, says analyst who predicted current high

Bitcoin could hit $100,000 in decade, says analyst who predicted current high

Read more Shadow Brokers offer new secrets to ‘high rollers & govts’ after helping create WannaCry The expert says all digital currencies will account for ten percent of the average daily volumes (ADV) of fiat currency trade in a decade. According to data from the Bank for International Settlements, foreign exchange ADV is currently fluctuating around $5 trillion. Consequently, in ten years the ADV cryptocurrencies could be worth $500 billion. Van-Petersen says bitcoin will account for 35 percent of market share, which would be that $175 billion of the $500 billion figure; and $175 billion worth of bitcoin would be traded every day. The market capitalization of bitcoin could reach ten times the current average daily volume, according to the expert, who suggests a figure of $1.75 trillion. The recent data from industry website CoinDesk shows bitcoin market capitalization at...

Full article: https://www.rt.com/business/390275-bitcoin-hundred-thousa...

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