LMAX: bitcoin to break $30,000 in 2020

Exchange head David Mercer foresees more transparent market, freed of “pariah” of last look

David Mercer at LMAX Exchange
David Mercer: volatility will return in 2020 and last look will become increasingly peripheral

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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