Nexo CEO: Bitcoin could hit $100,000 in a year

On April 14, Antoni Trenchev, CEO of cryptocurrency lending firm Nexo, predicted that Bitcoin could hit $100,000 within a year. Trenchev said he was “concerned” about Bitcoin’s short-term prospects and suggested that Bitcoin could fall in tandem with traditional financial markets as the Federal Reserve begins to pull back from its massive monetary stimulus program. But he added that this could in turn “push cryptocurrencies further,” as a “collapse” in the stock market could mean the U.S. central bank is finally “returning to accommodative policy soon.” If Trenchev’s prediction is correct, it would mean the price of bitcoin will more than double this year. (CNBC)

Related Ad

Comments (No)

Leave a Reply