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Saxo Bank Fan Peterson: Conservative estimates that Bitcoin prices will reach $ 100,000 in 2019

Fan Peterson, global macro strategist at Saxo Bank and bullish on the future of Bitcoin, thinks Bitcoin will cost between $ 50,000 and $ 100,000 in the next six to 18 months.

In a brief interview with Bloomberg, Fan Petersen believes that in the future a large number of cash influx into various institutions in the Bitcoin market will "catalyze" the rise in bitcoin prices.

"There will be a few more ETFs, mutual funds and other investment agencies entering the bitcoin market next," he said, with a conservative estimate of Bitcoin's price of $ 100,000.
Not just bitcoin, but as the trend has given other cryptocurrencies a price hike, he continues, emphasizing that maybe Ethereum will be the next competitor for bitcoin to win an ETF license.

Van Petersen continued,

"Surprisingly, the financial flows that have caused Bitcoin to skyrocketed in the past have scarcely come from large financial institutions, and what is certain is that in the next six to 18 months there will be a flood of money from financial institutions into bitcoin market."
As bitcoin's price increases in the short run exceed the expectations of all analysts, even the most difficult to break through highs, people now think bitcoin is breaking through.

Even Van Peterson, who made a momentary prediction in May of this year that bitcoin will reach $ 100,000 in the next decade, does not look surprising.

Bitcoin's price has since been restored by CBOE's futures success. The current bitcoin price has now recovered to $ 17,000 after the bitcoin price dropped to $ 13,000 last week.