LMAX: bitcoin to break $30,000 in 2020
Exchange head David Mercer foresees more transparent market, freed of “pariah” of last look
In 2020, bitcoin will hit $30,000, volatility will return to drive markets and the practice of last look will become increasingly marginalised, says David Mercer, chief executive officer of LMAX Exchange Group.
While languishing at around $7,300 at press time, the price of the cryptocurrency reached a peak of nearly $20,000 per bitcoin in late 2017, and Mercer forecasts the asset class is about to attract interest from serious institutional investors.
“Bitcoin will punch through $30,000, and
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