The Bitcoin, known as the currency of the new technology age, could be one of the best investments you ever made.
Gone are the days when it was only used for dodgy dealings on the Dark Web, now it is a serious investment for businessmen.
We heard only last month that if you had bought $100 (£78) of bitcoin in 2010 at the 0.003 per cent price, you would now be sitting on a whopping $72.9 million (£56.9 million) now.
And now we’re hearing over the next decade how the current price of the bitcoin could rise from $2,200 (£1717) to $100,000 (£78,000), marking a 3,483 percent rise from its recent record high, CNBC reports.
This staggering prediction comes courtesy of an analyst who correctly predicted the cryptocurrency’s meteoric rise this year.
Kay Van-Petersen was behind the call made in Saxo Bank’s annual report called ‘Outrageous Predictions’, which forecast that the bitcoin would hit $2,000 (£1,560) in 2017. And it did, only last month!
Van-Petersen stresses that despite this being a rough calculation, his growth predictions could even be ‘conservative’, citing the rises of bitcoin’s value back in 2013 of over 5,000 per cent.
Speaking to CNBC in a phone interview, Van-Petersen said:
This is not a fad, cryptocurrencies are here to stay. There will emerge two to three main ones. Bitcoin will be one of those. And the reason is the first-mover advantage, the scale and the pioneering.
Time to get investing methinks.