NEX Group Plc Chief Executive Officer Michael Spencer, one of London’s best-known financial figures, said he sees bitcoin perhaps reaching $20,000 “but at some point it is going to go back -- a hell of a long way back -- down.”
As with any “bubble,” Spencer told Bloomberg TV’s Guy Johnson in London on Wednesday, “you’ve got no idea if its going to double before it halves.” Bitcoin surged past the $10,000 and the $11,000 mark on Wednesday.
