Without a qualitative change in the Bitcoin ecosystem, it will be very difficult for the cryptocurrency to reach and overcome the threshold of $ 20,000, said Danny Masters, CEO of CoinShares. He noted that investors expect from Bitcoin clarity and transparency, as well as a more thoughtful strategy for the ICO sector.
“It is important that structural storage solutions will continue to appear and be provided in the future. We need indices, we need tools for assessing performance that would allow us to understand what we are talking about and quantify the indicators, “Masters said. So far, according to him, bitcoin “is in very early stages.”
“The financial system includes derivatives, indices, valuation models, etc., but we have not even come close to them yet. Therefore, bitcoin does not have the ability to attract large players, “concluded Masters.
In late April, the head of the cryptocurrency hedge fund Pantera Capital Dan Morhad said that Bitcoin still did not reach its fair price, and the capitalization of the cryptocurrency market can easily reach $ 40 trillion.
“A lot of misconceptions are connected with the cryptocurrency sector. At the same time, it can transform our society. But we continue to hear about the activities of intruders and affected consumers. This was the reason for the creation of CryptoUK: the formation of a model of behavior and cooperation with governments and regulators, “she said.
“CryptoUK will appeal to the government with a proposal to establish proper regulation to protect consumers and ensure business certainty, which will lead to the prosperity of this sector in the UK,” the statement said.