Saxo Bank "Bit coin goes $ 100,000 this year"

According to CNBC, Kean-Petersen Saxo Bank Global Macro Strategist said bit coin prices could reach $ 50,000 to $ 100,000 this year, as bit coin prices have not yet fully reflected the effects of futures trading.

Futures trading will serve to attract institutional investors to virtual currency trading and provide upside momentum.

He added that institutional investors would take time to enter.

Van-Peterson, a strategist, also predicted that Etherium will have a higher rate of growth than beatcoin this year because it has a more integrated developer composition than bitcoin.

This is why it is easier to deal with technical problems with an integrated developer configuration.

Bitcoin and other virtual currency prices plunged on the Korean government's concerns over regulation on January 16.