Bitcoin hit $64,000 today, a new record for the world’s largest cryptocurrency.
Justin Hartzman, CEO of CoinSmart, a crypto exchange based in Canada, said that this rally is just the beginning, citing banks’ target projections of upwards of $400,000 a coin.
“We’re so early in this market, it’s still in the first half of the first inning and what’s different now that in 2017, 2018 is we’re seeing a lot of large institutions come into this. Just today we’re seeing Coinbase, one of the largest exchanges in the world going IPO any minute now while we’re talking,” Hartzman told David Lin, anchor for Kitco News.
0:00 – Bitcoin’s new all-time high
3:10 – Bitcoin as a form of payment
5:43 – Regulatory environment
9:05 – CoinSmart and altcoins
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