Bitcoin price: Cryptocurrency could reach $100,000, investor claims

EXCLUSIVE: Bitcoin's price could reach values of up to $100,000, an investor with years of experience under his belt who now runs his own federally registered fund specialising in cryptocurrencies, has declared.

Ryan Derks, of Ryan’s Hodl Fund, recently spoke with Express.co.uk and claimed that Bitcoin could reach an extraordinary value if more of the world’s population decides to rebel against traditional currency.

He explained: “I believe they say that roughly five per cent of the world’s population or less owns any cryptocurrency and if the trends of Venezuela continue and in Zimbabwe, if those continue it looks as though there is going to be no slowdown.

“I only imagine it’s going to continue pushing prices up because again there’s a limited supply.

“So if people continue to lose faith in their nation’s currency, like for example the US dollar, I don’t have very much faith at all.

“I would much rather have my money in a currency that I know can’t be manipulated and forged.

“So in my opinion it’s going to continue, now I think that $100,000 dollars for a Bitcoin is not far-fetched.

“When that will happen I can’t tell you, but if you just assume that 10 per cent of the world’s population or 15 per cent of the world’s population decides to give up their government’s currency and use cryptocurrency then yes, that’s not far-fetched at all.”