Bitcoin’s Worth Will Hit $100K by Mid-Yr, Nexo Founder Predicts – Markets and Costs Bitcoin Information
The co-founder and managing companion of Nexo, a serious cryptocurrency lender, has predicted that the worth of bitcoin will likely be $100K by mid-2022. He highlighted “two easy causes” why he’s bullish concerning the value of bitcoin this yr.
Bitcoin Anticipated to Attain $100K by Mid-Yr
Antoni Trenchev, the co-founder and managing companion of Nexo, a serious cryptocurrency lender, has shared his bitcoin value prediction in an interview with CNBC Monday. He stated:
I feel [bitcoin’s] going to achieve $100,000 this yr, in all probability by … the center of it.
Nexo has issued greater than $6 billion in credit score and manages property for greater than 2.5 million customers globally.
The chief defined that there are “two easy causes” why he expects to see large good points within the value of bitcoin.
Firstly, he identified that establishments are more and more placing bitcoin of their company treasuries. The Nasdaq-listed firm Microstrategy, for instance, has purchased 124,391 BTC for its treasury.
Another excuse is that Trenchev expects “low cost cash” is right here to remain, which might increase the costs of cryptocurrencies. The Federal Reserve is predicted to lift rates of interest a number of instances this yr. Wharton finance professor Jeremy Siegel lately predicted that “The Fed goes to should hike many extra instances than what the market expects.”
The Nexo government added:
I fairly frankly suppose that as quickly as we see a fee hike, it’s going to be a dip into equities and the bond market — and fairly frankly, the previous couple of years, we haven’t seen a lot political will to … energy by any type of correction within the conventional monetary markets.
Not too long ago, the president of El Salvador, Nayib Bukele, additionally predicted that the worth of bitcoin will attain $100,000 this yr.
In the meantime, the CEO of Microstrategy, Michael Saylor, foresees bitcoin’s value reaching $6 million. Nevertheless, some persons are extra skeptical concerning the value of the cryptocurrency, together with Bridgewater Associates founder Ray Dalio.
How excessive do you suppose the worth of bitcoin will attain this yr? Tell us within the feedback part under.
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