LMAX Group CEO: Bitcoin price is expected to reach six figures in the future

LMAX Group CEO David Mercer discussed the future of Bitcoin and the impact of surging demand for spot Bitcoin ETFs in a recent interview with CNBC. Mercer said that if BTC became a standard portfolio allocation and 3% or 5% of people’s portfolios or assets in the world were allocated to Bitcoin, we would see a significant price increase. This is purely based on supply and demand, we have never seen anything like this before, you should see the price of Bitcoin several times what it is now, Bitcoin price will definitely be six figures, not just five figures like it is now. Commenting on the impact of spot Bitcoin ETFs and the subsequent interest in cryptocurrencies, David Mercer said that this means that even the high net worth sector, the private wealth arm of banks, can now offer users direct exposure to the asset class. product. I think over time, as all institutions become more comfortable with the behavior of the asset class, you will see people getting closer to the assets themselves and owning the core assets, which is Bitcoin, Ethereum or Solana.