Published on May 17th, 2018 | by bitcoin0
Coinshares Chief Claims BitCoin Must Improve Structure to Attain Previous Highs
UK cryptocurrency investment products and research provider CoinShares believes Bitcoin will hit previous highs after people “build” on the ecosystem, its CEO said May 16.
Speaking to CNBC on the network’s Fast Money segment, Danny Masters identified several changes which would need to occur in order for Bitcoin to see the $20,000 price tag once again.
“We need to see this structure continue to build,” he told presenters.
We need indices and we need performance measures where we can actually start to understand what we’re talking about and measure our performance.
The event received criticism this year after Bitcoin industry figures said it focused too much on blockchain-based tokens and “buzzwords” instead of examining progress.