CryptoBank.Ltd - UBS: Bitcoin Must Hit $213,000 to Replace US Money Supply

" Zurich-based investment bank and financial services company Union Bank of Switzerland (UBS) has said that the Bitcoin (BTC) price must hit nearly $213,000 to replace U.S. money supply, Bloomberg reported August 2.

According to Bloomberg, a new report by UBS suggests that BTC cannot currently be considered money or a viable asset as its versatility is stymied by the capacity constraints of the BTC network. " - Ana Alexandre - Read Full Article

Source: CoinTelegraph

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