Normally most analysts’ predictions wouldn’t be too newsworthy, but this one is an outlier for a few reasons. First, Saxo Bank analyst Kay Van-Petersen predicted the cryptocurrency will skyrocket to between $50,000 and $100,000 per coin this year. That’s a jaw-dropping valuation. But it’s the second reason this prediction is getting attention (via CNBC). Van-Petersen was the analyst who in December 2016 predicted bitcoin’s 2017 meteoric rise. At the time bitcoin was trading at $900 and Van-Petersen predicted it would go to $2000 in 2017–which it did by May that year. Currently, bitcoin sits around $13,600 per coin, meaning Van-Petersen’s price point has a way to go, but if he is right, the sky might be the limit for cryptocurrency this year.
collections
NewsletterCourses and LearningAdvertiseCurrent IssueFast Government
The future of innovation and technology in government for the greater good
Most Innovative Companies
Our annual guide to the businesses that matter the most
Most Creative People
Leaders who are shaping the future of business in creative ways
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system
Innovation By Design
Celebrating the best ideas in business