BITCOIN “WILL FALL” UPWARDS

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Bitcoin will skyrocket in 2018, says Kay Van-Petersen, an analyst at Saxo Bank. The analyst believes that bitcoin can be traded at $50,000- $100,000. Other competing digital money can also grow. In December 2016, Van Petersen predicted that bitcoin would reach $2,000 in 2017. At that time, the bitcoin traded below $900, according to the CoinDesk website, which tracks the price of the digital currencies on different exchanges. Significant growth of bitcoin will be due to futures contracts. Last year, CME and Cboe exchanges launched the trading of bitcoin futures, which helped attract investors and legitimize the market of cryptocurrency.

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