Consolidation in Cryptocurrencies Could Be Good Thing, says Bitgo’s CTO

The video discusses the global approach to cryptocurrencies, highlighting concerns about Facebook's Libra project and the potential impact of new cryptocurrencies like those from PBOC. It explores Bitcoin's market dynamics, including its price range and future catalysts like block reward halving. The discussion also covers market consolidation, institutional interest, and the need for financial infrastructure such as custodians and global liquidity. The potential for cryptocurrencies to become a payment platform rather than just an asset is also considered.

What factors could lead to a breakout of Bitcoin from its current price range?

What are institutional investors looking for in terms of financial infrastructure for cryptocurrencies?