Bitcoin could hit $100,000 in 10 years, says the analyst who correctly predicted Bitcoin would hit $2,000 in 2017

BTC's market cap is expected to keep rising and push past $76,000,000,000 very soon according to our market data at http://www.fastbuybitcoin.com/cryptocurrency-market-capitalizations

According to Saxo Bank analyst Kay Van-Petersen, who correctly predicted Bitcoin would hit $2,000 in 2017, has claimed its market capitalization could grow to $1.75 trillion in 10 years which would make each BTC worth around $100,000 !

How will bitcoin hit $100,000?

According to cnbc.com, here's how he came up with his price target in 10 years.

Van-Petersen is assuming cryptocurrencies in general – not just bitcoin – will account for 10 percent of the average daily volumes (ADV) of fiat currency trade in 10 years. Foreign exchange ADV currently stands at just over $5 trillion, according to the Bank for International Settlements.

Ten percent of $5 trillion is $500 billion. This is the ADV that cryptocurrencies could have. Bitcoin will account for 35 percent of that market share, which would that $175 billion of the $500 billion figure, he said. This would mean that $175 billion worth of bitcoin would be traded every day.