- Nexo co-founder believes BTC price will reach $100,000.
- He says this is inevitable as Bitcoin is gaining global adoption.
- Corporations, governments, and celebrities have all begun investing in BTC.
For instance, many African nations have begun taking steps to regulate and adopt crypto assets. On the other hand, many South and Central American nations also have taken steps to do the same.
Likewise, Texas will begin placing crypto ATMs in its grocery stores. Furthermore, along with firms investing millions in BTC, celebrities also have begun endorsing crypto for its ease of access. This in turn will help pump the crypto.
Trenchev says Bitcoin has greatly benefited from “loose monetary authority”. He also adds his views on how BTC could reach $100,000.
“Leveraged accounts have blown up, there is basically no leverage in the system, so it could build up again which obviously pumps up the price.”
In fact, other crypto analysts agree with his point of view and believe that BTC could go up to $100,000. Notably, Lark Davis, a crypto analyst with over 300,000 followers on Twitter and YouTube said that BTC is yet to reach its final all-time high.
Moreover, other crypto analysts predict that Bitcoin will see a big price pump very soon. Furthermore, analysts say that the Bitcoin death cross has formed. Historically, this is a bullish indicator and has led to massive sell-offs in the past.
Besides crypto analysts, celebrities also believe in the massive power of crypto. Earlier this year, celebrity — Lindsay Lohan, also said that Bitcoin will reach $100,000. Additionally, she also said Ethereum will reach $10,000.