BchainTalk Forum - Community for Blockchain Believers

Join like-minded people in a collaborative culture to share & learn.

Latest topics
» Scientists Propose Using Blockchain In Dairy Products Industry
Today at 12:59 am by Vladdirescu

» ICO Problems: Double-check Where You Are Sending Your Money To
Thu Jul 20, 2017 10:00 pm by Vladdirescu

» Russia To Legalize and Regulate ICOs
Thu Jul 20, 2017 1:28 am by Vladdirescu

» Social Media and Blockchain: Where Everyone Has Voice and Freedom
Fri Jul 14, 2017 11:14 pm by Vladdirescu

» The Chinese Exhibition Market is Starting to Implement a Blockchain
Thu Jul 13, 2017 2:36 am by Vladdirescu

» Billion-dollar Unregulated Gaming Industry to Embrace Blockchain
Sat Jul 08, 2017 1:55 am by Vladdirescu

» Blockchain Crowdfunding Is Attracting Hundreds Of Millions Of Dollars – And It’s Growing Fast
Fri Jun 23, 2017 8:57 pm by Vladdirescu

» Is Blockchain Really the Future of Energy?
Thu Jun 22, 2017 11:54 pm by Vladdirescu

» Global Commodity Exchange To Use Blockchain For Trading Diamonds
Fri Jun 16, 2017 10:18 pm by Vladdirescu

» How to buy Bitcoin in India ?
Tue Jun 13, 2017 2:53 pm by blockchainboy

» Coinbase Scam
Tue Jun 13, 2017 9:26 am by theepicbonus

» Poland is Moving Towards Embracing Bitcoin and Blockchain Technologies
Tue Jun 13, 2017 3:44 am by Vladdirescu

» The First Islamic Bank to Use Blockchain Technology
Tue Jun 13, 2017 12:14 am by Vladdirescu

» The Number of Blockchain-related Vacancies on LinkedIn Has Tripled
Fri Jun 09, 2017 2:30 am by Vladdirescu

» Sberbank Conducts the First Letter of Credit Transaction on the Blockchain
Tue Jun 06, 2017 2:36 am by Vladdirescu

» Blockchain Startup TrueFlip Banned in Russia
Mon Jun 05, 2017 11:26 pm by Vladdirescu

» Energy Sector Welcomes Blockchain Worldwide
Fri Jun 02, 2017 2:11 am by Vladdirescu

» Dubai is Leading the Way for Blockchain Implemenation
Tue May 30, 2017 10:26 pm by Vladdirescu

» The Next Generation of Blockchain Tech - ‘Quantum-Secured Blockchain
Sat May 27, 2017 12:20 am by Vladdirescu

» Blockchain-Based Cryptocurrency Travacoin Used as Compensation for Flight Delays
Thu May 25, 2017 3:15 am by Vladdirescu


Bitcoin Price Could Triple in 2017, Saxo Bank Says in ‘Outrageous’ Prediction

View previous topic View next topic Go down

Bitcoin Price Could Triple in 2017, Saxo Bank Says in ‘Outrageous’ Prediction

Post by Kirti verma on Sat Apr 22, 2017 3:05 pm

axo Bank wouldn’t be surprised if the bitcoin price saw big gains next year.

The Danish investment bank recently published its annual “Outrageous Predictions for 2017”, a collection of speculations that it stressed represents more of a fringe outlook than anything official. At the same time, the bank said that these “outlier” predictions represent its attempt to get those in the financial industry to think about more extreme possibilities for the year ahead.

In addition to off-the-cuff calls that the UK won’t actually leave the European Union and that Italian equity prices will soar on the back of an EU-led bailout, Saxo Bank said that, under the right conditions, the price of bitcoin could skyrocket to more than $2,100.

Chief among its reasons was the potential for the incoming Trump administration to cause turbulence in the US economy (a reason given by bitcoin traders for recent price momentum).

Saxo Bank explained:

“If the banking system as well as sovereigns such as Russia and China move to accept bitcoin as a partial alternative to the USD and the traditional banking and payment system, then we could see bitcoin easily triple over the next year going from the current $700 level to +$2,100 as the block-chains decentralized system, an inability to dilute the finite supply of bitcoins as well as low to no transaction costs gains more traction and acceptance globally.”

Though the prediction doesn’t represent an official position, it’s not the first bullish indication the bank has made.

In 2014, then-current CEO Lars Seier Christensen discussed his “personal” interest in bitcoin with CoinDesk, describing it as an opportunity for investors.

At the time, he had also hinted at early testing of the tech within the bank as well, though later Christensen would go on to argue that liquidity problems at the time were keeping banks on the sidelines.

Kirti verma

Posts : 11
Reputation : 0
Join date : 2017-04-15

View user profile

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum