Blockchain Capital partner Spencer Bogart compared Bitcoin to a powder keg in a July 26 interview with CNBC, saying prices could continue to rise “for a number of reasons.”
Bogart constantly comments on events happening in the world of cryptocurrencies on his pages on social networks. He offered an optimistic outlook on future price movements: “There are a number of reasons why the price of Bitcoin will continue to rise,” he said, adding: “Bitcoin is kind of a tinderbox right now, just waiting to take off.”
Bogart isn't the only one who thinks so after the price of Bitcoin rose 33% over the past 10 days. According to Cointelegraph, at the time of publication of the article, its price is $8,050.
Like many other commentators, Bogart expressed confidence in the need for regulation of exchange-traded funds (ETFs), and also in July expressed his interest in integrating blockchain into big business like MasterCard.
According to him, regulators can't delay forever the adoption of ground rules and approval of exchange-traded funds.
“That's their problem. If the SEC continues to delay this issue, innovation will find its way without their help."
According to cointelegraph.com
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