With the new year, several voices within the crypto ecosystem have given their opinions on the future price of Bitcoin (BTC). Nexo co-founder Antoni Trenchev is among them, claiming for his part that BTC will hit $ 100,000 in 2022.
Antoni Trenchev, co-founder of crypto lending platform Nexo, said in an interview with CNBC that Bitcoin will likely hit a six-digit price halfway through the year:
“Anytime investors in the wider community get rid of Bitcoin, it behaves significantly better. This was the case in 2020, when he recovered around 1000%, and on top of that he recovered another 63%. [en 2021]. I’m pretty optimistic about Bitcoin. I think it’s going to drop to $ 100,000 this year, probably halfway [de l’année].
This projection builds on the impressive year recorded by Bitcoin (BTC). Indeed, in 2021, the largest cryptocurrency by market capitalization started the year at $ 29,000 and closed on December 31 at around $ 48,000, registering growth of 65.50%, or $ 19,000.
In this regard, Mr. Trenchev pointed out some things that he says will push Bitcoin’s price up to $ 100,000:
“We are seeing institutional adoptions that persevere quietly and build their treasuries by garnishing them with bitcoins. Additionally, the broader theme of macroeconomic realities and cheap money, in my opinion, is here to stay, which is great for cryptocurrencies, which are a hedge against inflation, as well as gold 2.0. ″.
The strength of Bitcoin in countries with fragile economies
The Nexo co-founder also shared his assessment of traditional economic systems and the strength of Bitcoin in countries with fragile economies, especially Latin America:
“I think Latin America is an example of what you just described. Economies that have some difficulty managing their own currencies and their respective central banks face challenges, so they are certainly all potential candidates to adopt cryptocurrencies as legal tender ”.
Mr. Trenchev further commented that Bitcoin, 13 years after its creation, has two important characteristics: it is seen as a store of value and as a medium of exchange. In this regard, he also added:
“[C’est] certainly something that can stimulate many economies in the region, which are facing certain problems. ”
Several experts predict a course at $ 100,000 for 2022
Antoni Trenchev is not the first specialist to predict a six-digit price for Bitcoin. Recently, the President of El Salvador, Nayib Bukele, claimed that BTC will reach $ 100,000, while other countries will adopt it as legal tender.
Popular on-chain analyst Willy Woo also predicted that Bitcoin will experience a major rally in the first quarter of 2022, due to the fact that it has yet to complete its bullish rally.
Another voice to add to the bullish projections for Bitcoin is that of US entrepreneur Brock Pierce, who commented that rising inflation and continued printing of fiat currencies should help BTC price reach new levels. highs, predicting up to a possible all-time high of $ 200,000.
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