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Bitcoin will rise to $ 60.000 in 2018 and then fall to $ 1.000, according to Saxo Bank

Saxo Bank says that Bitcoin will rise to $ 60.000 during 2018, but will fall to $ 1.000, due to a strategic alliance between Russia and China, which will create their own cryptocurrencies.

Banking, investment groups and all self-respecting white-collar scammers, scammers and thieves, jump to the slightest bit against Bitcoin and that is the cryptocurrency that started a project that today is a success, is the center of all the criticism, attacks and insults. Sometimes these attacks are the most curious, as in the case of the curious prediction of Saxo Bank, who has said that the price of BTC will rise to $ 60.000 during 2018 and then will fall by 98%, to the cost of production fundamental, which is $ 1.000, they say.

This prediction made by the Danish group, is within an annual publication called 'Exorbitant predictions', which wants to identify 'highly unlikely events with little appreciated potential'. Inside the publication you can read: 'The rise of Bitcoin and other cryptocurrencies has been one of the most spectacular phenomena in financial markets in recent years.' They also add that 'BTC will continue to grow, and will rise high, for most of 2018, but Russia and China together will engineer a clash'

Saxo Bank warns that this meteoric rise to $ 60.000 will be matched by a vanishing rate. China and Russia, concerned about capital flight, will unleash various decentralized cryptocurrency ecosystems to 'divert attention'. In addition to creating state cryptocurrencies, the two governments will ban mining, citing environmental concerns (in the case of China it would be a good joke), in order to hide control of national monetary policy.

Logically the miners will not bend their arm, but the Danish bank says that state cryptocurrencies will work better as a real payment system, ending the two-year madness and causing the value of BTC to fall. The problem with this prediction is that a regulated currency can be easily manipulated and we must say that BTC is worth what people want and the number is finite, that is why the value of this cryptocurrency and the rest of cryptocurrencies rises. They are attempts to damage BTC, but if it falls, there is Bitcoin Cash, Bitcoin Gold, Ethereum, Zcash, Litecoin and a long list of cryptocurrencies willing to replace it.

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Robert Sole

Director of Contents and Writing of this same website, technician in renewable energy generation systems and low voltage electrical technician. I work in front of a PC, in my free time I am in front of a PC and when I leave the house I am glued to the screen of my smartphone. Every morning when I wake up I walk across the Stargate to make some coffee and start watching YouTube videos. I once saw a dragon ... or was it a Dragonite?

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