What can make bitcoin (BTC) trade higher? Just about anything, Spencer Bogart, a partner at Blockchain Capital, told CNBC.

“Any number of catalysts could send bitcoin exploding higher,” he said, including global trade tensions, the possibility of a bitcoin ETF, rising currency rates and MasterCard’s announcement of a patent that could allow bitcoin transactions on credit cards.

“Bitcoin is kind of a tinderbox right now, waiting for reasons to go higher,” the venture capitalist said. Still, he’s more bullish on bitcoin than other cryptocurrencies. Bitcoin was trading for more than $8,000 as of Thursday afternoon, still off its December high of $19,783.21. Read more here.

ThirtyK Staff
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