CoinShares Research Director: Four major catalysts may drive BTC to $100,000

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PANews, November 10th news, according to CNBC, James Butterfill, research director of CoinShares, has identified four catalysts that will drive future BTC pump, including changes in the leadership of the US Securities and Exchange Commission, further adoption of Cryptocurrency by cryptocurrency-friendly regulatory major companies, and rate cuts by the Federal Reserve. James Butterfill further explained that BTC pump to $100,000 means there is still 33% rise potential in its price, and a $100,000 BTC "doesn't sound that unreasonable" as its market capitalization is equivalent to "only 10% of the gold market share", plus Trump's victory and the Republican control of the Senate may make it easier to push for an "expected relaxed regulatory framework", so it should be possible to achieve.

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