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.
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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.