Dave Chapman: Bitcoin $100,000 and ETFs are Probable

Nishanth Shetty

Nishanth Shetty

December 11, 2017 12:02 pm

Dave Chapman: Bitcoin $100,000 and ETFs are Probable | Coindelite News
3648 Total Views

Bitcoin News

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.

Dave added:

“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.

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Swiss – FINMA Regulate ICOs and Publish Guidelines

Guidelines Published by the Swiss Financial Market Supervisory Authority for ICO Organizers. The Swiss Financial Market Supervisory Authority (FINMA) has published a press release regarding how it plans to apply financial market legislation in handling queries from the ICO organizers. The post also describes the information FINMA requires for dealing …

Spain to Become Next Cryptocurrency Hub After Swiss

Spain is going to Legalize Cryptocurrency after Swiss Recently Rolled out Guidelines for ICOs While other European countries attempt stricter regulations on cryptocurrencies, Spain seems to be following Switzerland’s initiative ahead by proposing crypto-friendly legislation. Spain on the Blockchain Spanish Prime Minister Mariano Rajoy’s People’s Party is all set to …

Indian Investors Forced to Buy Cryptos Abroad; as the Govt. Pull Strings

Cryptocurrency Regulations Tightened in India; People are looking to Buy Cryptocurrencies Abroad. Since cryptocurrency regulations are becoming more efficient in India, a new trend has begun in the country by acquiring cryptocurrencies from overseas, either from relatives, friends or with abroad accounts. Increased Regulations Indians are looking forward to buying …


Pin It on Pinterest

Share This