The co-founder, Antoni Trenchev’s interview with Matt Miller and Amanda Lang was sequel to his previous prediction of Bitcoin hitting $50,000 which he made last year January, 2020. The interview was to discuss what to expect from digital assets in the nearest future in the cryptocurrency industry.
In a release by Nexo about highlights from the interview with Bloomberg, the co-founder stated clearly that the time to pay attention to the market sentiments, events, fundamentals and reactions is now. He also noted that now wasn’t the time to let excitement get the best so as to be able to know where exactly Bitcoin is headed and make most profit off it.
Bitcoin is the most Performing Asset of all Time
While responding to a question asked by Amanda on the show about how Antoni has managed to run a business like Nexo with such volatile asset, he responded by saying no other asset has outperformed bitcoin when it comes to investments and that the right perspective for your business is very essential because it depends on it to survive with crypto’s volatility;
“Bitcoin is the most performing asset regardless of the timeline whether five or ten years…it is a matter of perspective when it comes to investing in Bitcoin”
Bitcoin to $75k, but take Precautions
After acknowledging his preference for Bitcoin over Gold, Trenchev stated the digital asset was a better version of gold. He went on to state that the $75k-100k levels are very feasible in a matter of 12-18months from now but the ride might be a rough one as he claims there might be price corrections before it rallies to those levels;
“I think we are accelerating towards $75,000 right now and it’s going to be a question of how the market reacts, ultimately I think we are going to go much higher…100k is realistic in 12 to 18 months.”
What do you think of this story? Share your comments below.
Appealing to Regulators, Binance launches a Tax Reporting Tool
Leaving China, Crypto Exchanges Cancels Most of their Chinese Businesses
Patricia sponsors Big Brother Naija the 2nd time after recording 13k Users in 12 Hours
Yes! Bitcoin at $38k, See Why they Say It Has A Mind of its Own
The CBDC will lower the cost of doing business – CBN
Nigeria’s CBDC to Run on Hyperlegder Fabric
NatWest Suspends Payments to Binance
Carlifornian Resident Files Lawsuit against Dfinity Over ICP Sale
At Huge Valuations, these Two Companies Are the Largest In Crypto
Watch the Latest Edition of Inside Blockchain – 29th Nov. 2020
Crypto Roast is LIVE – 27th Nov. 2020
AMA Series with Beam CTO & Tech Lead, Alex Romanov
Keep it Locked on to Cryptotvplus
Inside Blockchain | 16.11.2020
Inside Blockchain: WHY YOU SHOULD BECOME A BLOCKCHAIN DEVELOPER
How Blockchain Technology Can Transform Governance In Africa
Hedge Trading on OKEx
Trading cryptocurrency seems cumbersome to new traders, especially those new to the crypto space. There have been a lot of...
The Chances of BTC Dropping to 40k Is Slim – Prateek Suri
The founder and Chief Executive Officer of the Maser group, Prateek Suri joined Tony Obiajuru this morning, 15th March, 2021...
Binance Smart Chain; CeFi or DeFi?
The controversy around whether or not the Binance Smart Chain is centralized or decentralized was cleared on the Inside Blockchain...
How Earnathon is Making Crypto Adoption Easier
Earnathon is making cryptocurrency education and adoption easier with its unique learn and earn platform. It’s no news that the...
NaijaCrypto CEO Says CBN Cannot Ban Cryptocurrency Trading
The Chief Executive Officer of NaijaCrypto, Chiagozie Iwu has said on the Inside Blockchain Show powered by CryptoTVPlus that the...