Breadwallet’s Aaron Lasher: Bitcoin Could Reach $5 Trillion Market Capbr>
Breadwallet Chief Marketing Officer Aaron Lasher said bitcoin is in a bubble, but noted that such a circumstance is not necessarily a bad thing.
Speaking to Marketwatch, Lasher said bitcoin could reach a $5 trillion market cap within the next decade, which would mean that each bitcoin would be worth in the neighborhood of $250,000.
“As a longtime bitcoin holder,” Lasher told MarketWatch, “I’m greatly enjoying the recent price action, even though I understand that this bull market will likely be followed by a pretty brutal bear market.
Asked if that meant a bubble, he affirmed. “Are cryptos in a bubble? Yes, absolutely,” Lasher said. “Is that a bad thing? Not necessarily.”