Crypto adoption
Nexo’s Antoni Trenchev predicts a $100k Bitcoin price point by mid this year
Anthony Trenchev sees Bitcoin as an inflation hedge equivalent to gold Antoni Trenchev, the co-founder of crypto lending platform Nexo, has given his predictions on the world’s most dominant digital asset. In an interview published yesterday, Trenchev told CNBC that he sees the world’s largest crypto coin doubling in value by the end of June this year. “I’m quite bullish on bitcoin. I think it’s going to reach $100K this year, probably by the middle of it,” he said. Institutional adoption and Macroeconomic realities are the key drivers The Bulgarian crypto businessman bases his prediction to two major reasons. First, he explained that many major businesses are shifting part of their portfolios into Bitcoin investment and that this would be the major reason that would bo...
