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November 25, 2018, 03:17:49 PM |
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From a value perspective, The importance of Bitcoin given its transaction volume, which is beginning to mirror that of Mastercard. According to Coinmarketcap, BTC’s 24-hour transaction volume stands at almost $6 billion on a $66 billion market capitalization.
The Founder & Partner at Morgan Creek Digital Pompliano identifies this same trend stating that is another indication that upon the influx of institutional investors, BTC has the right fundamental outlook to stage another massive positive price breakout.
For Pompliano, BTC’s value proposition also includes its ability to act as a hedge against traditional assets. Recently, Bitcoinist reported on Spencer Bogart of Blockchain Capital saying that “gigantic opportunities” still abound in BTC.
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