Cryptocurrency

Bitcoin: Crypto Expert Makes Unbelievable Crypto Prediction

Crypto Expert Makes Unbelievable Bitcoin Prediction

  • Antoni Trenchev, the founder of cryptocurrency lender Nexo has predicted that Bitcoin could move up further and reach $100,000 by the middle of 2022
  • Despite ending the year 60% high, the flagship cryptocurrency remains some way off its all-time high of $69,000 in 2021
  • Other experts have argued that BTC may be set for a steep drop in the coming months

Bitcoin could be set to continue rising and surge as high as $100,000 in 2022. This is according to Anthony Trenchev, the founder of cryptocurrency lender Nexo.

At press time, the world’s largest cryptocurrency by market capitalization was trading at $46,507, according to data from Coin Market Cap.

While speaking to CNBC’ “Street Signs Asia” on Monday, Trenchev said that he expects the cryptocurrency to reach that milestone b the middle of the year.

His incredible prediction about the world’s most popular digital currency was based on “two simple reasons”.

For one, more institutions are filling their treasuries with cryptocurrencies, with MicroStrategy and Block leading in that regard. His second reason is that “cheap money” is here to stay and boom the crypto market.

According to Nexo’s website, it claims to be the world’s largest lending company for digital finance. It also disclosed that more than $6 billion has been in credit to customers, while the institution also manages assets for over 2.5 million users around the world.

Bitcoin has been one of the biggest gainers in the pandemic era, adding more than 60% in 2021. Despite this, it remains some way off its all-time high of $69,000.

bitcoin

Trenchev’s prediction about the flaghsip cryptocurrency mimics that of El Salvador’s president, Nabil Bukele who also tipped the flagship cyptocurrency to reach $100,000 in 2020.

Follow Naija.fm on our social media handles FacebookInstagram, and Twitter to keep up with trending news, breaking news, entertainment news.

Show More

Related Articles

Back to top button