CryptoWatch: Bitcoin headed for $20,000 in six months, says CEO of cryptocurrency platform [MarketWatch]
CBOE GLOBAL MARKETS INC (CBOE)
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Source: MarketWatch
Bitcoin headed for $20,000 in six months, says CEO of cryptocurrency platform Bitcoin, the world’s biggest digital currency on Monday, traded higher, punching above $8,500 in early action. However, the digital-currency market more broadly wasn’t faring as well, with most virtual assets kicking off the week in decline. After reaching a weekend high of $8,575.99, bitcoin has retreated and a single bitcoin BTCUSD, -1.59% was last worth $8,468.71, down 1% since Sunday’s levels at 5 p.m. Eastern Time on the Kraken exchange. Despite the sluggish start to the week, sentiment remains high. The CEO of Atlas Quantum, one of Brazil’s largest crypto trading platforms, Rodrigo Marques, said in an email to MarketWatch that the move under $8,000 was an interim low for bitcoin, adding that he expects bitcoin to reach $20,000 in six months, recapturing levels it hasn’t approached since December. Read: A recent shift in Uranus means big things for cryptocurrencies In further positive news for bit
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