Bitcoin Price Could Triple in 2017, Saxo Bank Says in 'Outrageous' Prediction
Saxo 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 financail 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....
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The bitcoin and blockchain industry continues to grow, but as new people begin to take notice, they’re often greeted with the same tired talking points. As we head into 2017, some of those talking points should be left by the roadside entirely. Below, let's review the blockchain tropes that are not only hypocritical, but also unimportant to the greater goal of the technology. 1. To the moon. Bitwala tweeted a question that was posed to Eric Martindale and his response at this year’s Money2020. Is there any reason to still give lip service to outrageous predictions about the bitcoin price?....
Leading multi-asset trading and investment expert, Saxo Bank Group, has predicted that the Bitcoin price will see new all time highs in 2017 as part of its annual “Top 10 Outrageous Predictions.” Investors Will Seek ‘Cryptocurrency Alternatives’. Saxo Bank has shared its annual ‘outrageous’ finance-related predictions for 2017. The the online multi-asset trading and investment specialist, which correctly predicted Brexit in 2014, believes Bitcoin will see “huge gains” next year. “Under President Trump the US fiscal spending increases the US budget deficit from $600 billion to $1.2-1.8....
A Saxo Bank ‘Outrageous Prediction For 2017’ says that the spending binge of a Donald Trump presidency could create ideal conditions for the price of Bitcoin to test $2,000 by next year, as the possibility of the US dollar skyrocketing could force emerging markets to seek alternatives. It projects that the Trump regime’s fiscal spending binge may increase the circa $20 trillion of US national debt and potentially triple the current US budget deficit from approximately $600 bln to $1.2-1.8 trillion or some 6-10 percent of the US’s current $18.6 trillion economy. This may cause inflation to....
The Danish investment bank, Saxo Bank predicts Donald Trump's administration to turn out to be good for Bitcoin. Until a couple of days ago, the popular cryptocurrency bitcoin has been having a great run. The cryptocurrency’s price crossed $1100 mark and held steady for a couple of days before falling down to $827. But this may be temporary according to Saxo Bank. The Danish investment bank, in a report last month predicted that the value of Bitcoin is going to rise above $2000. The rise in price is expected to take effect after Donald Trump assumes charge of the White House as the 45th....
A report by Denmark-based Saxo Bank claims bitcoin’s price could rise by 165% to more than $2,000 due to an economic stimulus expected from incoming President Trump. The bullish bitcoin outlook is one of 10 Saxo Bank “Outrageous Predictions for 2017.” Central banks may be about to give up on qualitative easing and negative interest rates, but they are far from being finished with intervention and distorting the allocation of capital and the price of money, according to Steen Jakobsen, CIO. This is not Saxo Bank’s official outlook for 2017, the company noted in the report, but the events....