An analyst at Saxo Bank, Kay Van-Petersen, has stated that she thinks that Bitcoin could see its market value hit impressive highs of $100,000 in 2018.

Van-Petersen previously said that cryptocurrency would rally as 2018 opened, a prediction that indeed came true. She also said that Bitcoin\'s market value would rise from $900 (based on Coindesk figures) and would go on to reach a market value of $2,000 during 2017: another prediction that turned out to be correct. Speaking to CNBC this Tuesday Van-Petersen said that she believed that the market value of bitcoin could reach $50,000, and potentially $100,000 during this current year.

Notably, Bitcoin has traded sideways since this January. Van-Petersen said that Bitcoin generally re-rates after trading at a certain height. She said that foundations are currently being built and that bitcoin will re-rate higher in the future.

Some of the most popular cryptocurrencies, such as Ethereum and Ripple, saw a big sell-off on Tuesday. Despite this, Van-Petersen also said that she felt that Bitcoin would be outperformed by the cryptocurrency Ethereum over the course of the year. She told CNBC that while Ethereum came later in the game than Bitcoin, the leadership backing it demonstrated far more unity than the leadership behind Bitcoin.