LMAX Group CEO: Expected Bitcoin prices to reach six digits in the future
2024-04-01 08:36:15
David Mercer, CEO of LMAX Group, discussed the future of Bitcoin and the impact of the surge in demand for spot Bitcoin ETFs in a recent interview with CNBC. Mercer stated that if BTC becomes the standard portfolio allocation, we will see a significant price increase if 3% or 5% of people's investment portfolios or assets in the world are allocated to Bitcoin. This is purely based on supply and demand. We have never seen such a situation before. You should see that the price of Bitcoin is several times higher than it is now, and the price of Bitcoin will definitely be in six digits, rather than just five digits like it is now.
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