Bitcoin has had a stellar twelve months surging 82% over the financial year.
Edward Carroll, investment director with digital currency brokerage, MHC Digital Group says he expects Bitcoin to hit $US1 million before 2030.
He says part of its rise this financial year is due to the election of Donald Trump, but even before that, he says the development of Bitcoin EFTs provided the first regulatory green light for investors to get exposure to Bitcoin in a well understood product.
Mr Caroll says the Genius Act aimed at regulating stablecoins and passed by US Congress, is the starting point for the future of cryptocurrency and blockchain technology.
#ABCBusiness
Subscribe: http://ab.co/1svxLVE
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC NEWS, click here: https://ab.co/2kxYCZY
Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2
Like ABC NEWS on Facebook: http://facebook.com/abcnews.au
Follow ABC NEWS on Instagram: http://instagram.com/abcnews_au
Follow ABC NEWS on X (Twitter): http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNEWS #ABCNEWSAustralia
--
Support podtube.me continuity as a free service. Become a Patreon or make an one-time donation
--
Video at Youtube: https://www.youtube.com/watch?v=idJeoOCq2jk