2/12/2017 ‘The European Bank Saxo Predicts Btcoin Will Shoot Up To $60,000 in 2018
INQUISITR
December 10,2017
The European Bank Saxo Predicts
Bitcoin Will Shoot Up To $60,000 In 2018
With Bitcoin having reached $18,000 as of December
7, Saxo's prediction may indeed prove to be accurate.
‘As 2018 is just around the corner now, Saxo Bank in
Denmark has just put out its lst of predictions for the
‘coming year, and one of ther big predictions is that
Ditcoin will skyrocket to $60,000 in 2018. There is a
downside to this prediction however, relating to what
some are calling the biteoin bubble. Saxo believe that at
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some point next year biteoin will achieve somewhere near
this $60,000 threshold with what they say will yield a
market capitalization totaling over $1 trillion
Saxo's predictions are ones that investors should heed,
‘especially considering their Outrageous Predictions for
2017. For instance, one of their predictions about biteoin
for 2017 was that that they “could see bitcoin easly triple
‘over the next year going from the current $700 level to
+8200."
While their prediction for biteoin this year wasn't
necessarily 200 percent accurate, with biteoin
skyrocketing to $18,000 on December 7 according to Coin
htpe:ihwww inquist.com/4676499)he-european-bank-saxo-pradiets-itcln-wil-shoot-up-o-60000-in-2018/
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482/12/2017
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‘The European Bank Saxo Predicts Btcoin Will Shoot Up To $60,000 in 2018
Telegraph, it certainly did reach the $2,100 mark this
year, as Business Insider report, and just continued going,
Saxo Bank worryingly also predict that a coalition of,
various governments will work their hardest to try and
‘ban biteoin and other eryptocurrencies, which would be
followed by the swift creation of government
ceryptocurrencies
, thereby causing biteoin to spectacularly
‘rash to the $1,000 mark.
‘Se Bank redid coor would reach he $2100 mark in 2017 ae
At achieved this and continued ling to $1,000,
“The idea of governments banning biteoin is one which is
‘certainly feasible, but most investors fel this is pretty
unlikely, Japan has already recognized biteoin as being an
acceptable form of payment earlier in the year and the
‘trading of biteoin in Japan now comprises nearly half of
CNBC, at
the moment there are approximately 4,500 stores in
the volume of their global trade, According to
Japan that allow customers to pay using biteoin, and that
‘number is expected to rise dramatically to fivefold that
amount.
Even when China announced that they would be shutting