Don’t give up on bitcoin, says Antoni Trenchev, co-founder of Nexo. Every time you do it outperforms considerably.
Another price prediction has emerged for bitcoin supporters in 2022. Antoni Trenchev, co-founder and managing partner of Nexo, claimed that bitcoin (BTC) could hit the $ 100,000 mark as early as the summer in an interview with CNBC.
Although bitcoin started the year with a tendency bearish, while the fear and greed index shows a ” extreme fear», The Bulgarian business magnate set the record straight:
“Anytime investors and the community at large give up bitcoin, there is significantly outperforms. This is what happened in 2020, with an increase of almost 1,000%, and in 2021, with an increase of 63%. I’m pretty optimistic about bitcoin. “
As one of the world’s largest digital finance lending institutions, Nexo is aware of the information of 2.5 million users in 200 jurisdictions. Being a strong competitor to platforms like BlockFi and Celsius, it recently became one of the first crypto lenders to allow customers to borrowstablecoins, ether (ETH) and other cryptocurrencies using non-fungible tokens as collateral.
Cheap money and some institutions will propel bitcoin above $ 100,000
While Nexo was forged in the bear market of 2018, Trenchev clarified that access to “cheap moneyAnd institutions filling their wallets with cryptocurrency will propel bitcoin above the $ 100,000 mark.
There is ample evidence that institutional adoption is imminent. Last month, Fidelity Investments partnered with Nexo to offer cryptocurrency custody, products and lending services to institutional investors. On Monday, January 3, Sam Bankman-Fried, founder and CEO of FTX, which recently listed the NEXO token, noted that the clarity of the regulations “would greatly contribute to adoption by institutions“.
In a nod to the adoption of bitcoin in developing countries, Trenchev concluded by stating that “Latin America is the model childFor cryptocurrency use cases. He joked that he remarked that “all [les pays] could be potential candidates for the adoption of cryptocurrencies as legal tender“. We suggest that you stay on Cointribune so that you don’t miss any news regarding the price predictions of the bitcoin!
Receive a summary of the news in the world of cryptocurrencies by subscribing to our new service of newsletter daily and weekly so you don’t miss out on Cointribune essentials!
I like cryptocurrency. I’ve been studying it for several years now, but also investing in it and working in this field. In addition, I do articles on the subject where I try to be crisp!