Despite the massive market volatility, the optimistic predictions about the price of Bitcoin continue. Check out the latest reports below.
It’s been reported that the CEO of centralized finance platform Celsius Network (CEL) is predicting a six-figure price for Bitcoin (BTC) later this year.
Celsius CEO Alex Mashinsky predicts Bitcoin price
During a Kitco News interview, the Celsius head Alex Mashinsky explained that Bitcoin will surge above $100,000 before the end of 2022 if it can overcome several key psychological resistance levels.
“I think we’re definitely going to hit all-time highs. All-time highs are not that far from where we are, it’s $67,000. And the question we don’t know is what happens afterward. How much resistance we’re going to have at $70,000, $80,000, $90,000. I think we are going to break $100,000.”
The Celsius Network CEO, made sure to highlight the fact that macroeconomic factors doomed his predictions last year.
“I know I’ve said that last year. But we had a few macroeconomic events that basically kicked the can down the road. But we will see Bitcoin over a $100,000 this year.”
According to Mashinsky, the traditional finance sector will be a key catalyst in sending Bitcoin’s price higher.
“Bitcoin now is over a $1 trillion. To lift the trillion-dollar asset, you need a lot of inflows. So when Terra is buying Bitcoin or other people are buying Bitcoin, those are movements inside of the crypto community. What you need is fresh capital from [traditional finance] coming in and buying Bitcoin. That’s what’s going to drive the price higher.”
Bitcoin adoption continues
The mass adoption of Bitcoin and crypto continues. Earlier we addressed that Amazon accepting Bitcoin has been one of the most important subjects in the crypto space regarding the adoption of digital assets.
Check out the latest reports about all this below and see what Amazon’s CEO had to say about this crypto sector.