After correctly calling bitcoin’s $2,000 price this year, analyst Kay Van Petersen is looking long term for the cryptocurrency.

Van Petersen, a global macro strategist for Denmark-based Saxo Bank, predicted in December that the price of the popular digital currency will hit over $2,000 in 2017. Less than six months later, bitcoin powered through the $2,000 barrier and continued its rally towards a new record high of over $2,700.

At the time that Saxo Bank’s “Outrageous Predictions for 2017” was published, bitcoin was trading above $750, which means that Van Petersen’s forecast represented a 165 percent increase. This time, the analyst is back and making another call—a big one for the digital currency.

Van Petersen was quoted by CNBC’s Arjun Kharpal predicting that in 10 years, “bitcoin’s market capitalization would be ten times the average daily volume, giving a figure of $1.75 trillion for the market cap.” By that time, there will be 17 million bitcoin in circulation, which, when divided by the $1.75 trillion market cap estimate, will mean that “each bitcoin would be worth just over $100,000.”