CoinShares Research Director: BTC only needs to rise by about 33% to reach $100,000, accounting for only 10% of the gold market share

Odaily News James Butterfill, head of research at CoinShares, previously expressed the view that there are four catalysts that will drive future Bitcoin prices up, namely: leadership changes at the SEC, cryptocurrency-friendly regulation, further adoption of cryptocurrency by large companies, and interest rate cuts by the Federal Reserve. James Butterfill further explained that Bitcoin's rise to $100,000 means that its price still has 33% room for growth, and that $100,000 Bitcoin "doesn't sound that unreasonable" because its market value is equivalent to "only 10% of the gold market share," plus Trump's victory and Republican control of the Senate may make it easier to promote "the expected relaxed regulatory framework," so it should be possible. (CNBC)