UBS: Price of BTC Must Reach $213K to Overshadow US Dollar

Home / UBS: Price of BTC Must Reach $213K to Overshadow US Dollar

In their recent research, the largest Swiss banking institution in the world stated that Bitcoin is too volatile and technologically limited to become a standardized currency for global transactions or a mainstream asset class. Such a valuation ($213,000 per unit) would put Bitcoin’s market cap at roughly $3.66 trillion — more than double the $1.67 trillion of USD cash in circulation as of June 2018.

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