Dave Chapman: Bitcoin $100,000 and ETFs are Probable
December 11, 2017 12:02 pm
Dave Chapman, managing director at Octagon Strategy, had interviewed by CNBC’s Squawk Box after the futures market had opened according to Bitcoin. His comments included a six-figure price point by the end of 2018, and even more use cases are forthcoming.
The digital asset trader clarified that the recent run-up in the values will only indicate the advantages for more in the future, with the mainstream adoption is just coming online. Moving beyond $100,000 will be a massive psychological barrier, but he also trusts that it is possible.
Let’s not miss the big image
Anyhow, Dave Chapman also described that the most interesting features of Bitcoin were not its price, but its most of the use cases as the market will be continued to be matured. Due to the comprehensive nature of the Bitcoin, the bigger image regarding the access to financial applications must predominate thinking.
“The price to me is probably the most uninteresting component of Bitcoin. I’m more excited about the applications…about what this means to people who don’t have access to financial inclusion. And I think that if we focus on the price, we’re losing track of the big picture.”
Finally, Chapman ended the interview with a chuckle, as the Securities and Exchange Commission (SEC) approved the future markets, he said Bitcoin ETF is near to the future and he will bet about it.