Patrick Hillmann, former Head of Strategy at crypto exchange Binance, shared his bullish view on Bitcoin on Twitter.
Patrick Hillmann Claims Licensing A Major Exchange In Europe And Opening The Korean Market Could Bring Over $60,000 In Bitcoin
Hillmann said that the catalyst needed for the Bitcoin price to reach $60,000 and beyond will be the licensing of a major cryptocurrency exchange under Europe's crypto laws, the Crypto Asset Markets (MICA).
In addition, Hillmann stated that another catalyst that could enable BTC to set a new record could be the opening of the Korean market to the world, making it more accessible. He stated that very few people understand the future importance of the Korean market.
South Korea is one of the leading countries in terms of crypto adoption, with an estimated 11% of its population owning some form of digital currency.
Hillmann left Binance for personal and professional reasons. He denied that his departure was related to the regulatory issues Binance faced in the US and other countries.
Prior to joining Binance, Hillmann worked at Edelman, a global communications firm, where he served as Head of Global Innovation in crisis and risk application.
*Not investment advice.
