Bitcoin could hit $100,000 in 10 years, says the analyst who correctly called its $2,000 price

Bitcoin could make up 10 percent of the $5 trillion average daily volume in the foreign exchange market in 10 years, according to Saxo Bank analyst Kay Van-Petersen.
Its market capitalization could grow to $1.75 trillion which would make each bitcoin worth $100,000.

Bitcoin could hit $100,000 in 10 years, says the analyst who correctly called its $2,000 price
Bitcoin could make up 10 percent of the $5 trillion average daily volume in the foreign exchange market in 10 years, according to Saxo Bank analyst Kay Van-Petersen.
Its market capitalization could grow to $1.75 trillion which would make each bitcoin worth $100,000.
Bitcoin could hit $100,000 in 10 years, says the analyst who correctly called its $2,000 price
Bitcoin's price has the potential to hit over $100,000 in 10 years, which would mark a 3,483 percent rise from its recent record high, an analyst who correctly predicted the cryptocurrency's rally this year told CNBC on Tuesday.
In December, Saxo Bank published its annual report called "Outrageous Predictions" with one of the forecasts calling for bitcoin to hit $2,000 in 2017. At the time the note was published, bitcoin was trading at around $754, so the target price represented a 165 percent rise. Bitcoin hit $2,000 on May 20.