Price explosion in 2017 conceivable?

For the Saxo Bank, it would not be surprising if the price per bitcoin would triple in the coming year. The Danish investment bank recently published its “Incredible Forecasts for 2017”, a collection of presumptions that do not meet the official standard. According to the bank, the report is designed to alert the financial sector to possible trends and extremes in the coming year.

Under certain conditions, according to Saxo Bank, a price explosion would be possible to 2,100 US dollars. In addition to the prediction that the UK will not leave the European Union and that the Italian shares will rise again as a result of the rescue of the European Union, the bank said that the rate of Bitcoin could rise to 2,100 US dollars. A further reason was the bank, among other things. Turbulence in the US economy under the leadership of Donald Trump and the increasing acceptance of the technology:

If the banking system as well as sovereigns such as Russia and China move to accept Bitcoin as a partial alternative to the USD and the traditional banking and payment system, then we could see Bitcoin easily triple over the next year going from the current $700 level to +$2,100 as the block-chains decentralised system, an inability to dilute the finite supply of bitcoins as well as low to no transaction costs gains more traction and acceptance globally.

Although the report is not intended to serve as an official source, it is not the Bank’s first bullish statement on the forthcoming Bitcoin course. In 2014, the current CEO, Lars Seier Christensen, told CoinDesk about his “personal” interest in Bitcoin. He says Bitcoin is a great opportunity for investors. At that time, he also stated that the technology was tested within the bank, but later admitted that liquidity problems prevented the bank from taking further action.

Facebooktwittergoogle_plusredditmailby feather

One Response to Price explosion in 2017 conceivable?

  1. I really feel such forecast is over estimated. I would have believed it had it been for the year 2020 since we would then again be close to next halving. However I don’t see Bitcoin price going anywhere above USD 1215 which is about the peak it reached in 2013 before Mt Gox exchange. That is a big resistance level.

Leave a Reply