Bitcoin To Explode Over 350% Some Positive News From Nexo Co-Founder
Standing, staying and having a good metal health is key, during this bearish season as we currently riding the wave. The fact that some institutions are staying true to course is something that should be welcoming especially the bitcoin evangelist Micheal Saylor. Well in this light the co-founder of Nexo Antoni Trenchev says he is standing firmly with bitcoin amidst the bearish market, as bitcoin early this morning retraced back to it’s all time high in 2021.
In an interview with Bloomberg, he spoke about the bullish run which was witnessed some couple of years ago and he has no doubt that another massive bull run is fast approaching. Which I quote;
“The last time we had this type of volatility in Bitcoin and it lost like 50% intraday, it was in March 2020. Out of those levels, it went up 10x and reached levels of $50,000. So after the deleveraging and de-risking of the sector, I think we’ll be back in a rampant bull market.”
Can we stay macroeconomic will effect the growth of bitcoin? Well here is he’s opinion about this is that if bitcoin is able to hold the support level of $20,000 we will do just fine so far their is microeconomic certainty.
Which he also further buttress;
“I think all of the negativity with all the solvency issues and the pressure that we saw in the market is already priced in.
I think there is a very good chance that these levels around $20,000 hold, which coincidentally are the previous all-time highs of the previous bull cycle that ended 2017-2018.
There is a very good chance we see a relief rally here, but it also depends on how the overall risk-on assets are performing. You can’t have the S&P500 go down 3% a day and expect a heavy rally in Bitcoin.”
Well guess what? He gave a span of within 12months bitcoin will hit $100,000 which was setting a new all time high for the digital currency.
Posted Using LeoFinance Beta
I‘m not sure if the 18-20k will be the bottom. Could well dive below on a daily or even weekly timeframe. If we don’t hold in on a monthly time frame that would be a very big sign of weakness. 😏
100k in 12 months is a hell of a speculation or should I say prediction. But it doesn’t hurt to have a little hope.
Posted using LeoFinance Mobile
He is just another one bullish on crypto. I wont say it is positive new. I believe CZ and many other crypto project owners will say similar thing.
Similarly, many other non stop believer will say crypto is worth zero.
Posted Using LeoFinance Beta