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- Nexo CEO, Antoni Trenchev has highlighted that the Bitcoin price could hit $100,000 within a year.
- He is among the Bitcoin supporters and has made Bitcoin price predictions earlier too.
- At the time of writing, Bitcoin price is $40,460 with a market cap of $769,285,772,218 and the price is up by around 39% in the last twenty-four hours.
Antoni Trenchev, the CEO of crypto lending firm Nexo has recently highlighted his Bitcoin price prediction in an interview with CNBC. And that he thinks the world’s biggest crypto asset can surge above $100,000 within 12 months.
Bitcoin Price Needs To More Than Double Up Then
He further expressed that he is worried regarding bitcoin’s short-term prospects, noting that it may fall in tandem with traditional financial markets as the Federal Reserve initiates to unwind its massive monetary stimulus program.
Though the CEO also earlier made a Bitcoin price prediction in January 2020 that it would top $50,000 by the year-end which didn’t really happen, but yes, in February 2021, BTC did witness a $50,000 mark surpassing.
And just in case this Bitcoin Price Prediction proves to be accurate, Bitcoin needs to more than double up.
The overall digital assets market has witnessed massive support from entities like Do Kwon, Terralabs founder as he has been buying a lot of BTC seeing an enhanced future potential in the currency. Whereas, MicroStrategy CEO Michael Saylor also often expresses his optimistic views about the crowned cryptocurrency. MicroStrategy is the top publicly-traded company to hold the highest amount of BTC.
But then, when it comes to regulatory authorities, the crypto space is also witnessing scrutiny. The fact that the regulatory environment stays fragmented and the crypto industry is volatile cannot be denied.
At the time of writing, Bitcoin price is $40,460 with a market cap of $769,285,772,218. It is to look forward to if Trenchev’s Bitcoin Price Prediction proves to be accurate.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
