The rise of Bitcoin and other cryptocurrencies has been one of the most spectacular phenomena of financial markets in recent years. Bitcoin will continue to rise – and rise high – during most of 2018 but Russia and China will together engineer a crash. Read more on Saxo's website
Saxo now predicts that, in 2018, Bitcoin will peak at $60,000 with a market capitalization of more than $1 trillion, after which a number of governments will engage in a coordinated attack to prohibit all cryptocurrencies.
Simultaneously, governments launch their own blockchains and cryptocurrencies, and Bitcoin crashes to $1,000.
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