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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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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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