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Bitcoin will reach $100k

Bitcoin will reach $100,000

In the 4th quarter of 2016 saxo bank published its annual outrageous predictions pegging Bitcoin to reach an all time high of $2000 usd mid 2017.

As the banking systems and the sovereigns of Russia and China move to accept Bitcoin as a partial alternative to the USD, Bitcoin triples in value, from the current $700 level to $2,100.- Van Peterson,Saxo Bank

  • At the time of pulishing that article bitcoin was trading around $754.
  • On May 20th 2017 Bitcoin hit its target price of $2000.
  • On Aug 17th 2017 it hit an all time high of $4500

So how will bitcoin reach $100,000

Van Peterson the analyst for saxo bank that predicted the $2000 price explains that:

  • Cryptocurrencies, not just bitcoin will account for %10 of the average global trading volume within 10 years
  • With global volume at 5 trillion dollars, 10% of that is 500 billion.
  • 35% of that trading volume will be just Bitcoin or $175 billion

As of today there are only 16.5 million bitcoins in existence of the total possible 21 million Bitcoins. By 2027 there will be an estimated 17 million bitcoins due to the rise in difficulty every time a new block of bitcoins is mined.

With some simple math 17 million / 175 billion = $100,000 per bitcoin, and that is just one analysts prediction. Other analysts have plaed bitcoin at prices as high as $500,000 per bitcoin.

By now you might be saying, I can't afford to spend $4500. The best part is unlike stocks, you can buy pieces of bitcoin, and add to your investment over time.

Where to buy bitcoin.

Where do you get Bitcoin ?

It's a lot easier than you think !

Buying bitcoin is simple

We will start with the easiest option a FDIC insured bitcoin exchange.

  1. For this tutorial we'll sign-up to the most popular cryptocurrency website- Coinbase. If you use this affiliate link we'll both receive ten dollars of free Bitcoin if you spend over $100 (or the equivalent in your currency). Coinbase operates in 32 countries, the full list is here. Press the 'sign up' button and fill out your name (make sure this is exactly how it's written on your photo ID) and password etc.

    Try it Yourself ยป

  2. Like a bank, Coinbase has to follow strict financial rules. So they take verifying your identity very seriously. It's a pain, but it does give Coinbase a reputation for being the most trusted cryptocurrency exchange. To verify your account you must supply a phone number, upload an image of your photo ID and verify a credit/debit card or bank account before you can buy. Using a credit/debit card means higher fees but offers instant purchasing. Using a bank transfer is cheaper but slower (taking up to a week to get your coins).
  3. Once your payment details are verified, click 'buy/sell'. Make sure 'Bitcoin' is selected, and at the bottom of the page choose how much you wish to purchase in your local currency. Click buy and then the second confirmation.
  4. Congratulations! You now own some Bitcoin. Now you need to decide where you're going to store it. There are three options:
  1. Keep it on Coinbase. This is the easiest option, and pretty safe (as long as you enable 2-factor authentication). But exchanges have been hacked before, and many people simply prefer having their coins under their own control.
  2. A desktop/web wallet. There are plenty of wallets out there, for desktop and mobile, and a full list of approved wallets can be found here for download. Storing your coins in a wallet on your computer is as safe as you make it- if you lose or forget your password you can lock your coins away forever, or if your computer is hacked and security compromised you can be vulnerable to having your coins stolen. So, choose this option only if you're confident you have good security practices and are sufficiently technically minded.
  3. A hardware wallet. My personal preference. A hardware wallet is a specially designed device that plugs into a computer (like a USB stick) with one purpose only- to prevent anyone but yourself accessing your coins. Any attempt to move your coins requires a passcode to be entered into the hardware wallet- so no-one can get near your coins unless they have physical possession of the device AND your passcode. I recommend purchasing from I personally use their Nano S model.

Where else can I get Bitcoin ?

Other than Coinbase There are 3 other popular sites to get bitcoin


US based|FDIC insured


US based|FDIC insured


Face to Face with bitcoin brokers

Free Bitcoins|Gambling site

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