In ten years, bitcoin could be worth 45 times its current value reaching over $100,000, says Kay Van-Petersen, an analyst at Saxo Bank. He had previously predicted the cryptocurrency at $2,000.
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 around $37.8 billion.
Van-Petersen says that the number of bitcoins in circulation in ten years will rise to 17 million from the current 16.3 million.
https://www.rt.com/business/390275-bitcoin-hundred-thousand-decade-expert/
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Wouldn't that be sweet for those buying Bitcoin today...
@pocketechange