Dave Chapman from Octagon Strategy: Bitcoin can reach $100,000

The general and traditional media which usually pays not much attention to cryptocurrency prefers to tell about the major events in the sphere. Who’s arguing with whom and what another blockchain project has been invented — this usually avoids their attention. But since the days Bitcoin hit $15,000 and especially today, now that Bitcoin futures are indeed working, the number of reports increased dramatically.

CNBC is not an exclusion here. The number of invited speakers has grown, and one of them, Dave Chapman, suggests that Bitcoin can reach 100,000 United States dollars per coin. He calls the primary reason of Bitcoin value not the electricity spent on its mining, but instead offers to look at this from another point of view — people now have the safe means to transfer money across the planet without any private organization or state regulator acting as a middleman.

The price is not the most interesting factor of Bitcoin for Dave Chapman, who heads Octagon Strategy in Hong Kong. He is interested in Bitcoin’s possible applications we do not yet fully recognize.

Whatever he may say about him being uninterested in the price, for the one who does not concern himself with it he makes surprisingly good predictions. Earlier this year, when BTC was worth only 4,000 USD, he successfully predicted Bitcoin’s going to reach $10,000.