BITCOIN WILL HIT $160K THIS YEAR ON THIS ONE CONDITION, SAYS CELSIUS NETWORK CEO!!!!

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The co-founder and CEO of blockchain platform Celsius Network says that Bitcoin could hit a new record high this year if one condition is fulfilled.

Alex Mashinsky says that he still believes Bitcoin could hit a price of at least $140,000 over the coming months despite the flagship cryptocurrency momentarily crashing from nearly $53,000 to below $43,000 earlier this week.

“I am still holding my projections that we will be hitting the $140,000 to $160,000 levels. It might take us into Q1 [first quarter] of next year because of this kind of flash crash and clean-up we have seen with the Chinese miners. But it’s definitely going higher.”

In other trending Bitcoin News today: EL Salvador’s Historical Adoption Could Send Bitcoin Past $100,000!

One of the most important events in the history of bitcoin has taken place, with a nation making bitcoin legal tender.

Head of Standard Chartered’s new bitcoin and crypto research unit, Geoffrey Kendrick, told clients in a note on Tuesday: 

“As a medium of exchange, bitcoin may become the dominant peer-to-peer payment method for the global unbanked in a future cashless world” and “cyclically, we expect a peak around $100,000 in late 2021 or early 2022.” 

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