100,000 in 2018, according to an analyst who forecast last year’s rise. Mr Van-Petersen also told Bitcoin xcubicle on Tuesday that he believes other cryptocurrencies, like ethereum, could perform better than expected.
First off, you could argue we have had a proper correction in Bitcoin, it has had a 50 per cent pullback at one point, which is healthy,’ he told the network. But we have still not seen the full effect of the futures contracts. Although Bitcoin has been trading sideways this month, Mr Van-Petersen is confident that it won’t be long before the value skyrockets. I wouldn’t be surprised if it’s something we are seeing,’ he said.