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The co-founder and managing partner of Nexo, a major cryptocurrency lender, predicts that by the middle of 2022, the price of Bitcoin will reach $100,000. He emphasized the “two simple reasons” why he is optimistic about the Bitcoin price this year.
Bitcoin is expected to reach $100,000 in the middle of the year
Antoni Trenchev, co-founder and managing partner of major cryptocurrency lender Nexo, shared his Bitcoin price prediction in an interview with CNBC on Monday. He said:
I think [bitcoin’s] This year it will reach 100,000 US dollars, possibly in the middle of…
Nexo has issued more than $6 billion in credit and manages assets for more than 2.5 million users worldwide.
The executive explained that he expects Bitcoin prices to rise sharply for “two simple reasons.”
First, he pointed out that institutions are increasingly depositing bitcoin in corporate warehouses. For example, Microstrategy, a Nasdaq listed company Buy 124,391 Bitcoin For its treasury.
Another reason is that Trenchev expects that “cheap currencies” will continue to exist, which will push up the price of cryptocurrencies.The Fed is expected to Raise interest rates Several times this year.Wharton Finance Professor Jeremy Siegel recently predicted that “the Fed will have to raise interest rates Many times Far exceeds market expectations. “
Nexo executives added:
Frankly speaking, I think that once we see interest rate hikes, the stock and bond markets will be in trouble-frankly, we have not seen much political will in the past few years…through any form of force in the traditional financial market Adjustment.
Recently, El Salvador’s President Nayib Bukele (Nayib Bukele) also Expected The price of Bitcoin will reach $100,000 this year.
At the same time, Microstrategy CEO Michael Saylor predicts that the price of Bitcoin will reach 6 million USDHowever, some people are skeptical about the price of cryptocurrencies, including the founder of Bridgewater Associates Ray Dario.
How high do you think the price of Bitcoin will reach this year? Please let us know in the comments section below.
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