Bitcoin bound for $850 amid forecast of yuan falling further

Another week, another prediction for popular digital currency bitcoin.

Last week, analysts at Denmark-based Saxo Bank posited that the price of the digital currency could ramp up 165 percent, thanks to U.S. President-elect Donald Trump’s “spending binge.” According to the analysts, bitcoin could easily triple in price—possibly reaching $2,000—in 2017 if the Russian and Chinese governments decide to accept the cryptocurrency as a partial alternative to the U.S. dollar.

Reaching $2,000, however, is still a long way to go.

But don’t fret, because another expert is making a prediction that bitcoin may hit $850—soon. Or as soon as the Chinese yuan falls.