Bitcoin Price to Hit $100,000 in 2018, Predicts Saxo Bank Analyst

An analyst at Saxo Bank said that he believes the bitcoin price could reach $100,000 in 2018 due to increased interest from institutional investors. Institutional Investors Could Bid Bitcoin Price Up to $100,000 Kay Van-Petersen made waves in Dec. 2016 when he predicted that the bitcoin price could reach as high as $2,000 in 2017, representing more than 100 percent of upside from its level at the time. Bitcoin needed less than half the year to reach that mark. After ripping past $2,000 in May, the bitcoin price continued to…

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