Not ‘Unreasonable’ To See Bitcoin Hit $250,000, Says CoinShares Head of Research – Here’s Why

Description

A top executive from digital asset manager CoinShares is making a big price prediction for Bitcoin ( BTC ). In a new CNBC interview, CoinShares head of research James Butterfill says Bitcoin may ultimately hit $250,000, a more than 166% increase from its current value. At $250,000 per Bitcoin, the flagship crypto asset’s total market cap would be about 25% of gold’s market share, up from the approximate current 10% – something Butterfill says is not “unreasonable” to happen. However, Butterfill ...