Bitcoin needs to change its infrastructure in order to reach $20 000

Home » BITCOIN » Bitcoin needs to change its infrastructure in order to reach $20 000
2018-05-18
Bitcoin needs to change its infrastructure in order to reach $20 000

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.

CRYPTOCURRENCIES
  • bitcoinBitcoin$5,073.07
  • ethereumEthereum$165.08
  • rippleXRP$0.328487
  • tetherTether$1.00
  • eosEOS$5.34
  • stellarStellar$0.115434
  • litecoinLitecoin$79.45
  • cardanoCardano$0.084496
  • tronTRON$0.026709
  • moneroMonero$66.99
  • iotaIOTA$0.320025
  • nemNEM$0.065990
  • dashDash$120.85
  • neoNEO$11.36
What is Cryptocurrency? How to Use, the Future of Crypto, the History of Bitcoin
Cryptocurrency market is actively developing and expanding. This relatively new industry is causing a lot of questions and attracting a huge number of investors, businessmen and ordinary people. “What is the future of cryptocurrency?”, “How to choose cryptocurrency exchange?”, “How to sell Bitcoins?” “What about cryptocurrency mining”? Millions of people read cryptocurrency news everyday and […]
2019-04-08 0 48
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 46
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 45
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 43
© 2017–2018