Bitcoin's price has the potential to hit over $100,000 in 10 years, which would mark a 3,483 percent rise from its recent record high, an analyst who correctly predicted the cryptocurrency's rally this year told CNBC on Tuesday.
In December, Saxo Bank published its annual report called "Outrageous Predictions" with one of the forecasts calling for bitcoin to hit $2,000 in 2017. At the time the note was published, bitcoin was trading at around $754, so the target price represented a 165 percent rise. Bitcoin hit $2,000 on May 20.
LINK: C N B C /2017/05/31/bitcoin-price-forecast-hit-100000-in-10-years.html
Topic: [2017-05-31] CNBC: Bitcoin could hit $100,000 in.. (Read 2338 times)
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