Dave Chapman, Managing Director of Octagon Strategies—an OTC trading provider for cryptocurrencies and other digital assets—believes that the cryptocurrency can realistically reach a six-figure value by the end of next year.
“It’s very hard to forecast Bitcoin, especially when you have this asset class that was only trading at $900 in January, and it’s trading—at least in the first month of Bitcoin futures—at $16,000 […] I was quoted back in August when Bitcoin was trading at $4,000 by saying that we would have a five-figure headline by the end of this year. I think a lot of people thought I was crazy—a lot of people sort of scoffed at me. But that’s OK. In terms of looking forward, I would say that throughout the continuation into 2018, I wouldn't be surprised to see a six-figure headline,”
Mr. Chapman said in an interview with CNBC.
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