Crypto Chronicle
  • Home
  • News
  • CoinShares’ Chairman Danny Masters expects Bitcoin Surge
Bitcoin News

CoinShares’ Chairman Danny Masters expects Bitcoin Surge

Floating Bitcoin coins against laptop with BTC success chart

In a recent interview with CNBC, Coinshares’ Chairman, Danny Masters laid out his ideas for how Bitcoin could see a potential surge this year. He believes that if better indices and performance measures can be achieved, this will help investors properly understand what is going on and Bitcoin could see significant improvements in value.

He spoke of the need for a ‘token life cycle’ post-ICO that would help give investors better clarity and transparency.  If ICO’s could improve offerings and give a clearer picture of post-ICO activities, this should improve investor trust.

Together these elements can continue building the current cryptocurrency structure that, while powerful, needs consolidation. With the recent surge in cryptocurrencies total market cap, regulators and banks realize it’s a market that can no longer be ignored.

Masters manages over $800 million of crypto assets with Bitshares, which launched the world’s first publicly traded fund for Bitcoin and Ethereum.

He stated how just a 5% increase in the cryptocurrency market will be a significant increase and pointed out that while there is no ‘fight to the death’ between crypto and legacy banking, what matters is the percentage it can take over from the traditional financial market.

Despite investor optimism in Blockchain Week New York and the Consensus on Monday, Bitcoin is currently down 5 percent since Monday.

Image From Shutterstock

Related posts

Russian Bitcoin Website Ban Repealed

Mark Hartley

Crypto Industry Reeling After Heavy Bitcoin (BTC) Rejection at $9,000

Mark Hartley

Introducing Switch: Non-custodial Trading Platform for Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).

Mark Hartley

Leave a Comment

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.