Examiners at Saxo Bank, are predicting Bitcoin to rise to $100,000 in 2018. They believe that there will be a spike in investors due to a rise in interest about cryptocurrencies. Some believed that Bitcoin would surpass $2,000 in 2017, and many doubted this prediction. However, the cryptocurrency made it even passed the $2,000 mark and reached a whopping $14,000 towards the end of the year. Analysts are saying that Bitcoin will reach $100,000 before the close of this year and will increase from 300 to 700 percent. Many large hedge funds began investing in Bitcoin this past year, and we anticipate others joining the team. Although there has been a decline in the digital currency market as of late, investors say that the market always falls a bit before it breaks new records. Theories are also in place that Ethereum will even surpass Bitcoin and become the new MVP. We are excited to see where these coins will take us and how the market will create new limits for enthusiastic investors.
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