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The highs for Bitcoin are yet to be seen this year, says Alex Mashinsky, chief executive officer and co-founder of Celsius – the centralized cryptocurrency lending platform – told Cointelegraph at Bitcoin 2021 in Miami that he sees the BTC price reaching $160,000 this year, or possibly a bit lower.
Mashinsky further remarked that the crypto market was bound for a correction, following Bitcoin’s recent all-time high of ~$64,800:
“When you go too high, too fast, you are bound for a correction. You can see my tweets in both March and February saying ‘we’re going to have a crash, we’re going to have a correction.’ I predicted $30,000. Bitcoin is like a spring – we stretch it too much and we put too much leverage. Too many people got greedy.”
In other trending Bitcoin News today: Bitcoin Taproot locked in to improve privacy and introduce smart contracts. The Bitcoin Taproot upgrade will activate later in 2021 as developers urge to create applications that will leverage its advantages.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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