Head of CoinShares Named Several Factors That May Have Positive Impact on the Cryptocurrency


On May 16, the CEO of the British coin-exchange company CoinShares noted that Bitcoin will develop about achieving high results only after the society creates an appropriate ecosystem for the coin.

During an interview for CNBC, Danny Masters described several important changes that could have an impact on the cryptocurrency market and stimulate the growth of Bitcoin’s cost:

“We need to see the custody solutions come and be provided. 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… and just give investors more clarity, better expectations, more transparency.”

Also, Masters commented on the conference, recently held in New York. Speeches by cryptocurrency experts, which talked about the need for the market to analyze and evaluate its development, provoked a wave of criticism.

It is worth noting that the indignation of many analysts caused forecasts of prices for the cryptocurrency, voiced during the conference. Many of these forecasts have not been realized so far.

In spite of this, many experts point out the potential of Bitcoin use in the long term, paying attention to its development:

“Bitcoin is almost… a reserve currency in crypto; the thing that everybody goes back to because it’s got the infrastructure, because it’s got the most network connections, the most exchanges connections – that’s sort of a bedrock.”

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