Nexo CEO Believes Bitcoin Could Hit $100,000 Within a Year

by in Cryptocurrency News

Antoni Trenchev Bitcoin prediction

Antoni Trenchev, co-founder and CEO of the crypto services provider company Nexo finds Bitcoin may reach $100,000 within a year. In an interview with CNBC, he also predicted short-time price fall along with traditional financial markets.

Related: Nexo and Fidelity Will Offer Products for Institutions

His opinion is connected with the US Federal Reserve's monetary program that suggests raising interest rates. However, he finds that the institution will reconsider the program after a crash in stocks.

According to Trenchev, the Bitcoin price may grow two times this year.

At the moment of writing, Bitcoin trades at around $39.900 with a market cap of over $760 billion. The coin is around 41% down from its all-time high of about $68,780 reached on November 10, 2021.