Published on May 17th, 2018 | by bitcoin0
CoinShares chairman says that Bitcoin will rise again this year, as long as the following things happen.
Bitcoin will rally this year and reach its previous highs, CoinShares Chairman Danny Masters predicted.
But here’s what needs to happen first: Better structures and a life cycle post initial coin offerings (ICOs) — the fundraising process that helps launch new cryptocurrencies.
We need indices and we need performance measures where we can actually start to understand what we’re talking about and measure our performance.”
“We need to do more mature work around the ICOs, so that post ICO we have a token life cycle,” he continued.
CoinShares, an investment firm specializing in cryptocurrency, launched the world’s first publicly traded bitcoin and ethereum fund.