scorecardHUGH HENDRY: Bitcoin Could Go To $1 Million And I Wish I Could Own It
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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
Finance1 min read

hugh hendry

REUTERS/Carlo Allegri

Eclectica 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.

"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.

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