Saxo Bank experts promise to restore the cryptocurrency market in the second quarter

On Tuesday analysts predicted the growth rate of a Bitcoin this week. According to Michael Mashchenko, price 20 thousand dollars does not seem unrealistic. Now the good news shared by the experts of the investment Bank Saxo Bank, which specializiruetsya on online trading.

What will happen to Bitcoin

The Bank published its forecast for the global markets. We are talking about the second quarter of 2018. The document called Quarterly Outlook Q2, according to RBC.

Analysts described first quarter the worst in the history of Bitcoin, explaining the decision in more than a 50% loss of value. Even now, Jacob Pouncy calls the situation extremely volatile against the backdrop of increased control of the industry by the governments of different States. The role played by the prohibition of advertising of coins and ICO on large platforms like Google, Facebook and Snapchat.

The experts allow a new wave of growth in the next three months. According to them, now begins a new cycle of development of the market. The proof of this is the partial restoration of Bitcoin and altcoins in recent weeks.

The sharp growth in the second quarter of guarantee of improving the security of depositors. If the developers and the owners of the exchanges will hold needs work, the influx of capital from institutional investors will increase.

If there is a significant pullback in the stock markets, will start the flow of money in uncorrelated assets or assets that are outside the traditional financial system. And cryptocurrency is a potential alternative. The influx of institutional capital into the cryptocurrency market due to a higher regulation and better investor protection may lead to a positive second quarter.

Also, Pounce predicted care from a niche weak investors. In good news, the price of coins will gradually increase.

We remind that the global Saxo Bank strategist Kay van-Petersen made the growth of coins to 100 thousand dollars by next year. We are comfortable with this option.

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