Saxo Bank’s Van-Petersen: Bitcoin Price At $100k By 2019 Is ‘Prudent’

Saxo Bank global macro strategist and famous Bitcoin bull Kay Van-Petersen has said Bitcoin prices will hit “$50,000 - $100,000 within the next six to 18 months.”

Speaking to Bloomberg in a short interview, Van-Petersen explained that the influx of institutional money would be the “catalyst” in pushing Bitcoin prices even further.

“We’ll get a cascade of ETFs, mutual funds and other investment vehicles breaking out,” he forecast, describing the $100,000 price tag as a “prudent” prediction.