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The CEO of blockchain forensics firm Chainalysis is optimistic that the Bitcoin price will rise above $100,000 before the end of 2021.

In a Bloomberg interview, Michael Gronager, who is also the co-founder of cryptocurrency exchange Kraken, asserted that bitcoin and the cryptocurrency market, in general, are still in a bull run state.

“I think we are still in the bull market. I think we can see above a $100k by the end of the year, so I would be bullish on that as well. Long term, I would probably usually say the Moon is the limit but we can go beyond that as well.”

In other trending Bitcoin News today: Cryptocurrencies Gain Legal Status in Texas as New Laws Take Effect!

Texas becomes the latest US state to adopt crypto and blockchain technology under its commercial law. 

Texas House Bills 1576 and 4474, passed in May by the state’s Congress and in June by Governor Greg Abbott, officially make crypto legal in Texas effective September 2021.

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Cryptocurrencies Gain Legal Status in Texas as New Laws Take Effect