Alex Mashinsky, CEO of digital asset lending company Celsius Network, predicted that Bitcoin will reach $ 100,000 by the end of 2021, deterring investors from using it as a payment form.
Bitcoin has the potential to grow
Speaking in an interview with Kitco News, Mashinsky confirmed that Bitcoin is a store of value that is gaining value every year with greater growth potential. Mashinsky notes that although he expresses skepticism, bitcoin is growing as a form of payment.
Moreover, Mashibsky pointed out that the cryptocurrency space has potential drivers for Bitcoin to grow upward. He cited events such as Coinbase’s going public as one of the main drivers. Mashinksy noted that the Bitcoin price has stabilized and will potentially rise to around $ 100,000 by the end of the year.
According to Mashninsky, Elon Musk has more control as Tesla’s CEO and may decide to buy Bitcoins. Adding that existing institutional investors in Bitcoin remain isolated cases, Mashninsky argues that the boards of directors of other companies cannot easily allow CEOs to invest in bitcoin.
Celsius Network CEO Alex Mashinsky stated that the cryptocurrency will rise to $ 160,000 before falling to $ 90,000 to $ 100,000 by the end of the year, Celsius Network CEO Alex Mashinsky said Bitcoin still has many advantages.