$ 400k Chance For Bitcoin From Nexo CEO
Nexo CEO Antoni Trenchev, a guest on Bloomberg’s program, made some comments about the price of Bitcoin and the million-dollar investment of institutional investors. “There are a lot of opportunities to rise ahead of Bitcoin, ” the CEO said, joining Guggenheim’s comment that BTC should be $ 400k.” said.
Nexo CEO Antoni Trenchev made some comments about Bitcoin, which saw the level of $ 24k on the Bloomberg program in which he participated. When presenter Kailey Leinz asked Trenchev to interpret the Guggenheim’s $ 400k Bitcoin estimate, Trenchev replied::
“BTC is not far from that price target. It will take some time, but this price level will bring Bitcoin to the same level as the total market value of gold.“
Continuing his comments, the CEO addressed the price forecast he made for BTC earlier this year, saying Bitcoin is a better version of gold. Trenchev noted that in the medium term, he thinks that Bitcoin will reach the level of 50 thousand dollars.
Corporate investments support Bitcoin
Guy Johnson, the program’s other host, asked Trenchev if corporate investments would continue to support the Bitcoin rally. Nexo CEO, said:
“Absolutely. At the moment, everything supports Bitcoin. The long-awaited corporate adoption has finally arrived. Even billionaires are caught up in this current, maybe even Elon Musk will buy Bitcoin. For these reasons, I believe that very good things will happen for Bitcoin.”
The Nexo CEO noted that regulatory conversations and political steps in the US are not reflected in the price of Bitcoin. Finally, Trenchev said he believes the price rise of other scarce assets, such as Bitcoin and gold, will be seen more in 2021.