Dave Chapman predicts Six-Figures for Bitcoin in 2018

Finally the Bitcoin Futures trading has been started by CBOE few hours ago and market seems quite stable as opposed to the popular beliefs. If we talk about Bitcoin, then it’s trading at a stable price of $16300, gaining almost $1500 since the starting of Bitcoin Futures by CBOE.

This is indicating that mainstream investors are taking Bitcoin futures very seriously and in future more investment interest can be seen in Bitcoin.

Dave Chapman, the Managing Director of Octagon Strategy, has also expressed his invaluable views on Cryptocurrency market.

In an interview by  CNBC’s Squawk Box on Bitcoin Futures Trading, Dave Chapman predicts Bitcoin to cross $100000 highly psychological resistance by the end of year 2018. As per his opinion, the mainstream money have just started to flow in Bitcoin and it will go a long way.

He said in his statement:

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.

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.

Dave Chapman also indicated that after the mainstream adoption of Bitcoin derivatives, we could possibly see the Bitcoin ETF’s in near future soon enough and he would happily go for it.

As on now, Bitcoin market capitalisation is over $282 Billion while the whole crypto market capitalisation is over $445 Billion.

Written by Brad Chillum

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