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HUGH HENDRY: Bitcoin Could Go To $1 Million And I Wish I Could Own It
HUGH HENDRY: Bitcoin Could Go To $1 Million And I Wish I Could Own It
Julia La RocheDec 4, 2013, 20:32 IST
REUTERS/Carlo AllegriEclectica Asset Management's Chief Investment Officer and Founding Partner Hugh Hendry gestures as he speaks during The Economist's Buttonwood Gathering in New York October 25, 2012.
U.K.-based hedge fund manager Hugh Hendry, the founder of Eclectica Asset Management, made some interesting comments about how he sees Bitcoin going to $1 million, Investment Week's Dan Jones reports.
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"This is the environment where Bitcoin could go to $1m. There is no qualitative reason, but it is trending. If I could own Bitcoin, I would," Hendry said, according to Investment Week.
The digital, decentralized currency that first emerged in 2009 is now trading above $1,100.
