Bloomberg via Getty Images The financial industry is bracing for a possible IPO that would be “inevitable” in 2020, as the price of bitcoin continues to climb, according to a Bloomberg report.
Bitcoin’s price has risen nearly 50% over the past year, to nearly $1,400 per coin.
It’s already surpassed the $1.2 million mark in value, and has more than doubled since the beginning of 2017, to more than $2,200.
The Wall Street Journal reported on Wednesday that the digital currency could reach $10,000 per coin in 2020.
The report did not provide any further information about the expected IPO.
Bitcoin is a decentralized digital currency that has seen its value rise since it was launched in 2009.
Investors include governments and businesses, and they’ve largely bought into its promise of anonymity and instant transactions.