Home Crypto Bitcoin Will Hit New Highs This Year on One Condition, Says Celsius Network CEO

Bitcoin Will Hit New Highs This Year on One Condition, Says Celsius Network CEO

Bitcoin Will Hit New Highs This Year on One Condition, Says Celsius Network CEO

The co-founder and CEO of blockchain platform Celsius Network says that Bitcoin might hit a brand new document excessive this 12 months if one situation is fulfilled.

Alex Mashinsky says in a Yahoo! Finance interview that if new consumers inject ample quantity into the market, Bitcoin (BTC) might break above a key resistance zone to set a brand new document excessive in 2021.


“If we’ve sufficient quantity from new consumers, we must always return and retest that $53,000 to $55,000 stage. If we break via that, we are going to see new highs this 12 months.”

Mashinsky says that he nonetheless believes Bitcoin might hit a worth of at the least $140,000 over the approaching months regardless of the flagship cryptocurrency momentarily crashing from almost $53,000 to beneath $43,000 earlier this week.

“I’m nonetheless holding my projections that we are going to be hitting the $140,000 to $160,000 ranges. It may take us into Q1 [first quarter] of subsequent 12 months due to this type of flash crash and clean-up we’ve seen with the Chinese miners. But it’s undoubtedly going increased.”

The Celsius CEO says that Bitcoin adoption is accelerating exponentially throughout the globe, which is a bullish signal for the lead cryptocurrency’s worth.

“It took 12 years to get the primary 100 million customers into Bitcoin. It took 5 months to double that. So now, there [are] over 200 million customers worldwide that maintain Bitcoin, have accounts. So it’s undoubtedly accelerating. We’re seeing the hockey stick and extra demand means increased costs.”


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