Analyzing Ether: A Bitcoin Investor's Skeptical Take Miner and investor 'P4man' looks at the altcoin market to see if there is a credible alternative to bitcoin.Can ethereum cut the mustard?Changing Exchanges: Will the Coinbase of Tomorrow Be Decentralized?A new wave of decentralized cryptocurrency exchanges that exist almost entirely on a blockchain could do away with middlemen.Huobi Launches Quantitative Model for Investors A major China-based exchange has launched a new quantitative analysis tool designed to help traders make long-term cryptocurrency investments.$13: Ether Prices Plunge in GDAX Exchange Flash Crash Ether's price plunged to $13 on GDAX amid signs the Ethereum network is struggling with growing usage.Armed with an Ethereum ICO, Can Kik Succeed Where Facebook Failed?Social media platform Kik opens up about its plans to launch a cryptocurrency, saying the move could fulfill long-held business goals.ICO Blues: Status Raises $64 Million (So Far) But Leaves Buyers Waiting A much-anticipated ICO helped a project called Status raise more than $60m in funds, though many would-be buyers were left locked out.

Litecoin's Price Tops $50 to Set New All-Time High Spurred by a sudden exchange listing, the price of the cryptocurrency litecoin hit a new all-time high today above $50.Coinbase to White Hat Hacker: We Don't Want Your Bitcoin Black hat hackers are asking for bitcoin.White hat hackers, at the behest of clients need to pay up.But Coinbase is kicking the 'good guys' out.South Korean Government to Auction $540k in Bitcoin The South Korea government plans to auction 216 bitcoins that it confiscated during a 2016 criminal investigation.As Crypto Markets See Slowing Growth, Traders Look Long As the cryptocurrency markets show signs of cooling, traders are beginning to emphasize a return to long-term strategic bets.Bitcoin's price has the potential to hit over $100,000 in 10 years, which would mark a 3,483 percent rise from its recent record high, an analyst who correctly predicted the cryptocurrency's rally this year told CNBC on Tuesday.In December, Saxo Bank published its annual report called "Outrageous Predictions" with one of the forecasts calling for bitcoin to hit $2,000 in 2017.

At the time the note was published, bitcoin was trading at around $754, so the target price represented a 165 percent rise.Bitcoin hit $2,000 on May 20.But now, Kay Van-Petersen, the analyst behind the call, is looking long term and sees a big rise ahead for bitcoin.How will bitcoin hit $100,000 Here's how he came up with his price target in 10 years.Van-Petersen is assuming cryptocurrencies in general – not just bitcoin – will account for 10 percent of the average daily volumes (ADV) of fiat currency trade in 10 years.bitcoin summit indiaForeign exchange ADV currently stands at just over $5 trillion, according to the Bank for International Settlements.comprar bitcoins amazonTen percent of $5 trillion is $500 billion.bitcoin sveriges radio

This is the ADV that cryptocurrencies could have.Bitcoin will account for 35 percent of that market share, which would that $175 billion of the $500 billion figure, he said.This would mean that $175 billion worth of bitcoin would be traded every day Also, Van-Petersen then implies that bitcoin's market capitalization would be ten times the average daily volume, giving a figure of $1.75 trillion for the market cap.bitcoin noelThe current figure is around $37.8 billion, according to data from industry website CoinDesk.bitcoin millionaire lostBitcoin has a limited supply of 21 million which is expected to be reached by the year 2140.litecoin and dogecoin walletIn 10 years, the analyst thinks that there will be 17 million bitcoin in circulation, up from the current 16.3 million figure.bitcoin kaufen per paypal

If the potential 17 million of bitcoins in supply is divided by the $1.75 trillion market cap estimate, then each bitcoin would be worth just over $100,000.Not a Scientific Survey.Results may not total 100% due to rounding.Bitcoin 'not a fad' Van-Petersen – who owns bitcoin – emphasizes that this is a rough calculation but that his growth predictions could be "conservative" given that in the year 2013 alone, bitcoin's price grew over 5,000 percent.bitcoin nordicThe analyst said that cryptocurrencies will survive in the long run.the bitcoin coop"This is not a fad, cryptocurrencies are here to stay," Van-Petersen told CNBC in a phone interview."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."Van-Petersen's views are not the official view of Saxo Bank, the analyst said.

Bitcoin's bad reputation The bitcoin industry has had its fair share of problems and reputational damage.The digital currency has often had an image of being used for illegal means such as buying drugs online.The collapse of Mt.Gox in 2014, once the world's largest bitcoin exchange, is still fresh in the minds of users.Some members of the exchange are still waiting for compensation.More recent issues include some exchanges not allowing people to withdraw their money in fiat currency.On top of this, the view of bitcoin as a currency for criminals is still prevalent after the major WannaCry ransomware cyberattack saw hackers lock peoples' files and ask for bitcoin in exchange to unlock them.Still, Van-Petersen says that the industry is still extremely young and big improvements will come.A few factors will boost bitcoin adoption including better wallets, easier methods to buy the digital currency, use of it for money transfers in areas like remittances, as well as citizens of countries with volatile economies and currencies buying it.