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Why, to one strategist, bitcoin’s worth $120,000 – MarketWatch

One strategist’s argument is that bitcoin will rise as it becomes a bigger share of what he calls the $15 trillion anti-fiat market, which right now is…

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The debate around the value of cryptocurrencies, and bitcoin in particular, continues in financial markets as leading institutional investors debate its role in portfolios.One strategist with an optimistic take on bitcoins value is Dhaval Joshi, chief strategist for BCA Researchs Counterpoint product. He shared questions from one of his skeptical clients and answered them.Joshis major argument is that bitcoin
BTCUSD,
+2.32%
will rise as it becomes a bigger share of what he calls the $15 trillion…

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