news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    ये Coins कर सकते बर्बाद ‼️  Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    ये Coins कर सकते बर्बाद ‼️ Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

    Emergency ♦️ बंद हो गया था Binance ⚠️ | Crypto News Today | Cryptocurrency | Bitcoin

    Emergency ♦️ बंद हो गया था Binance ⚠️ | Crypto News Today | Cryptocurrency | Bitcoin

    Top 3 Crypto Binance Upcoming Listing | top cryptocurrency to invest in 2023 | Crypto news today |

    Top 3 Crypto Binance Upcoming Listing | top cryptocurrency to invest in 2023 | Crypto news today |

    ELON MUSK’S HUGE WARNING! 🚨 CRYPTO NEWS TODAY 🔥 CRYPTOCURRENCY NEWS LATEST! 🔥 BITCOIN NEWS TODAY

    ELON MUSK’S HUGE WARNING! 🚨 CRYPTO NEWS TODAY 🔥 CRYPTOCURRENCY NEWS LATEST! 🔥 BITCOIN NEWS TODAY

    IIF CEO Adams on Banking Risks, Cryptocurrency Regulation

    IIF CEO Adams on Banking Risks, Cryptocurrency Regulation

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    ये Coins कर सकते बर्बाद ‼️  Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    ये Coins कर सकते बर्बाद ‼️ Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

    Emergency ♦️ बंद हो गया था Binance ⚠️ | Crypto News Today | Cryptocurrency | Bitcoin

    Emergency ♦️ बंद हो गया था Binance ⚠️ | Crypto News Today | Cryptocurrency | Bitcoin

    Top 3 Crypto Binance Upcoming Listing | top cryptocurrency to invest in 2023 | Crypto news today |

    Top 3 Crypto Binance Upcoming Listing | top cryptocurrency to invest in 2023 | Crypto news today |

    ELON MUSK’S HUGE WARNING! 🚨 CRYPTO NEWS TODAY 🔥 CRYPTOCURRENCY NEWS LATEST! 🔥 BITCOIN NEWS TODAY

    ELON MUSK’S HUGE WARNING! 🚨 CRYPTO NEWS TODAY 🔥 CRYPTOCURRENCY NEWS LATEST! 🔥 BITCOIN NEWS TODAY

    IIF CEO Adams on Banking Risks, Cryptocurrency Regulation

    IIF CEO Adams on Banking Risks, Cryptocurrency Regulation

No Result
View All Result
news4global
No Result
View All Result
Home Latest news

Bitcoin (BTC) price could hit $100,000 within a year: Crypto CEO

April 14, 2022
Reading Time: 3 mins read
0
Bitcoin (BTC) price could hit $100,000 within a year: Crypto CEO
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Crypto lender Celsius propped up its token, benefiting insiders -U.S. bankruptcy examiner

Crypto lender Celsius propped up its token, benefiting insiders -U.S. bankruptcy examiner

January 31, 2023
Snoop Dogg, Billy Ray Announce NFT Project; Elon Musk Backs Crypto Payments For Twitter

Snoop Dogg, Billy Ray Announce NFT Project; Elon Musk Backs Crypto Payments For Twitter

January 31, 2023

Crypto industry players who are bullish on bitcoin point to various reason why they think the digital currency will go up, including rising inflation and increasing institutional investor participation. But an uncertain regulatory environment continues to prove a headwind for bitcoin.

STR | NurPhoto via Getty Images

Bitcoin could hit $100,000 within a year, the CEO of crypto lending firm Nexo has predicted.

Antoni Trenchev told CNBC he thinks the world’s biggest cryptocurrency can surge above $100,000 “within 12 months.”

He said he’s “worried” about bitcoin’s short-term prospects, suggesting it may fall in tandem with traditional financial markets as the Federal Reserve starts unwinding its massive monetary stimulus program.

But that may, in turn, “give further impetus to crypto,” he added, as a “crash” in stocks would likely mean the U.S. central bank eventually goes “back to easing in no time.”

If Trenchev’s forecast is correct, that would mean bitcoin’s price would have to more than double this year.

For what it’s worth, in January 2020 Trenchev predicted bitcoin’s price would top $50,000 by the end of that year. “Everybody was laughing me out,” he says.

Trenchev’s 2020 prediction didn’t come true. Bitcoin only managed to hit a high of just over $29,000 that year. But the cryptocurrency did eventually surpass that $50,000 in February 2021.

Crypto believers say the market has matured, and that there’s ample liquidity now that major Wall Street institutions like Jump Trading and Jane Street are flocking to digital assets.

Meanwhile, crypto “whales” like Do Kwon, the co-founder of blockchain firm Terra Labs, are buying up millions of dollars’ worth of bitcoin in the belief that it could become a future “reserve” currency.

But there are some headwinds for the market. The global regulatory environment remains fragmented and the crypto market still remains volatile. In particular, bitcoin remains heavily correlated to the stock market, in particular the Nasdaq index. While stocks remain volatile, so too could bitcoin.

Bitcoin is still around 40% off its record high of $68,990.90.

Other crypto executives don’t expect as much price appreciation this year.

“In this particular moment in time we are living under, I would say, global uncertainty in the markets, not just the crypto markets, also in the stock markets,” Paolo Ardoino, chief technology officer of Bitfinex, told CNBC in an interview on Wednesday.

“So we are seeing definitely lower volumes on the crypto side … bitcoin volumes have dropped over the last few weeks. So that is quite important as a metric because it tells many whales, many active market participants, participants that were very active before are waiting a little bit on the sidelines.”

Whales are large investors that are able to move the market.

Ardoino said bitcoin could fall sharply below $40,000 but he expects by digital currency will be “well above” $50,000 by the end of the year.

“I’m a bullish person on bitcoin … I see so much happening in this industry and so many countries interested in bitcoin adoption that I’m really positive,” he said.

Tags: bitcoinBitcoin/USD Coinbasebusiness newsCryptocurrencyCryptocurrency exchangesDigital currencyInvestment strategyMarkets
Share76Tweet47

Related Posts

Crypto lender Celsius propped up its token, benefiting insiders -U.S. bankruptcy examiner

Crypto lender Celsius propped up its token, benefiting insiders -U.S. bankruptcy examiner

by admin
January 31, 2023
0

SINGAPORE/LONDON, Jan 31 (Reuters) - Bankrupt crypto lender Celsius Network used investor money and customer deposits to prop up its...

Snoop Dogg, Billy Ray Announce NFT Project; Elon Musk Backs Crypto Payments For Twitter

Snoop Dogg, Billy Ray Announce NFT Project; Elon Musk Backs Crypto Payments For Twitter

by admin
January 31, 2023
0

The non-fungible tokens (NFTs) are entering the mainstream world in a big way, now with the iconic rapper Snoop Dogg...

Bitcoin Suffers Largest Daily Plunge Since November to Sink Below $22.6K as Fed Meeting Looms – CoinDesk

Bitcoin Suffers Largest Daily Plunge Since November to Sink Below $22.6K as Fed Meeting Looms – CoinDesk

by admin
January 30, 2023
0

Bitcoin Suffers Largest Daily Plunge Since November to Sink Below $22.6K as Fed Meeting Looms  CoinDesk

Deflationary Ether Is Underperforming Bitcoin, Here are 3 Reasons Why

Deflationary Ether Is Underperforming Bitcoin, Here are 3 Reasons Why

by admin
January 30, 2023
0

"The 1 million instantly withdrawable Ether is more of a concern. This amounts to around 1% of free-floating Ether, in...

FUD Who? $16 Billion Flows Back into Binance in January

FUD Who? $16 Billion Flows Back into Binance in January

by admin
January 29, 2023
0

Smart contract oracle network Chainlink hit $7 trillion in TVE, added a new BUILD program member and partnered with a...

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
HSBC is now ready to venture into the crypto market

HSBC is now ready to venture into the crypto market

February 1, 2023
The good news about the Dow’s drop- POLITICO

K Street’s crypto gold rush continues

February 1, 2023
Crypto lender Celsius propped up its token, benefiting insiders -U.S. bankruptcy examiner

Crypto lender Celsius propped up its token, benefiting insiders -U.S. bankruptcy examiner

January 31, 2023
Treasury reveals ‘world-first’ proposals to regulate cryptocurrency | Science & Tech News

Treasury reveals ‘world-first’ proposals to regulate cryptocurrency | Science & Tech News

January 31, 2023

Latest News

HSBC is now ready to venture into the crypto market

HSBC is now ready to venture into the crypto market

February 1, 2023
The good news about the Dow’s drop- POLITICO

K Street’s crypto gold rush continues

February 1, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global