Bitcoin Market Cap Could Triple, Says VanEck Analyst

Furthermore, a possible Bitcoin boom could come as the result of firms offering securitized products that feature Bitcoin as the underlying asset. To Gurbacs, Bitcoin would need to meet three tests in order for the digital currency to integrate itself into the capital markets–pricing benchmarks, liquidity and regulatory support.

“We believe that there is sufficient liquidity, we believe there are pricing benchmarks and we believe that there is a way to integrate Bitcoin into the financial ecosystem that we are used to for ETFs, stocks, bonds and commodities,” said Gurbacs.

Meanwhile, the leading cryptocurrency is priced at $7,383.18 as of 3:00 p.m. ET–down 0.64% the past 24 hours, but still up about 8.7% within the past month.

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