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Silk Road Darknet Marketplace Founder: BTC Will Reach $100,000 in 2020

Published 12/13/2019, 11:07 AM
Updated 12/13/2019, 12:41 PM
© Reuters.  Silk Road Darknet Marketplace Founder: BTC Will Reach $100,000 in 2020
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The price of Bitcoin (BTC) will skyrocket up to $100,000 in the coming year, according to the founder of infamous darknet marketplace Silk Road.

In a series of blog posts on Dec. 10, Ross Ulbricht — the founder of now-defunct anonymous marketplace Silk Road — predicted that BTC’s price will reach $100,000 in 2020. The blogs were published based on letters he wrote in prison, using a type of market analysis known as Elliott Wave Theory.

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