Dave Chapman, CEO of Octagon Strategy, was interviewed by CNBC's Squawk Box after the opening of the futures market concerning Bitcoin. His comments included a six – figure price by the end of 2018, and more interesting use cases to come.
The digital asset trader has made it clear that the recent rise in values only indicates the potential for the future, with mainstream adoption just starting to get online . Crossing over $ 100,000 would be a massive psychological barrier, but Chapman believes that it is possible. He said:
"As for the future, I would say that throughout the lawsuit until 2018, I would not be surprised to see a title six figures. "
Do not miss the big picture
However, Chapman also said that the most interesting aspects of Bitcoin are not its price, but its many use cases that the market continues to mature. Due to the inclusivist nature of Bitcoin, the global vision of access to financial applications is expected to predominate. He said:
"The price for me is probably the most uninteresting component of Bitcoin.I am more excited about the applications … about what it means for people who do not have the money. do not have access to financial inclusion, and I think that if we focus on price, we lose track of the overall situation. "
Finally, Chapman concluded the interview with a chuckle, saying that he was going "thankfully" to continue the record of betting that a Bitcoin ETF was in the near future, as the Securities and Exchange Commission (SEC) approved the futures markets.