Bitcoin could hit $100,000 within a year, crypto firm's CEO predicts!

[Frengki_cisco]

Bitcoin could hit $100,000 within a year, the CEO of crypto lending firm Nexo has predicted.

Whether we can believe the words of Antoni Trenchev, I think we should see how much influence he has on the crypto market, even though he is the CEO of crypto Nexo.

Elon is not a stock exchange CEO, in fact he can shake the crypto market, if Antoni can be like Elon my response is he doesn't need to make predictions, do it, I think it's hard, his predictions don't work.

[Slow death]

at least he didn't say something unrealistic although it could be that he exaggerated the time period because it was short, 1 year is too short, looking at the current price of 40000$ and knowing that the price was already at 69000$ and fell a lot so we can see that first before going up a lot it needs to go down a lot and consolidate for some time while waiting for another big good news to win a big impulsu and go up a lot again, but i think it would go up to 80000$ and then it would go down a lot and then would rise again to 100000$ and this cycle can take more than 1 year. so I think $100,000 in a year is still not realistic

[lornadane]

at least he didn't say something unrealistic although it could be that he exaggerated the time period because it was short, 1 year is too short, looking at the current price of 40000$ and knowing that the price was already at 69000$ and fell a lot so we can see that first before going up a lot it needs to go down a lot and consolidate for some time while waiting for another big good news to win a big impulsu and go up a lot again, but i think it would go up to 80000$ and then it would go down a lot and then would rise again to 100000$ and this cycle can take more than 1 year. so I think $100,000 in a year is still not realistic

Yes what you say is absolutely true, it seems impossible for bitcoin to be able to reach $100 thousand in one year, it could be 2 or 3 years bitcoin can reach that price.
And hoping that the price of bitcoin can reach $60 thousand we are very grateful because for the last few months people have been very depressed thinking about the price of bitcoin that never recovered.

[Lucius]

^^ Or which institutions are going to invest next on bitcoin? Bitcoin narrative have change in the last 4-5 years that push it to $69k. I didn't see it coming from government or companies that are willing to put their assets into bitcoin. But this time, we need more, are gold investors going to shift so that we will going to hit $100k or more in the next years? Or will retail still going to be the fuel for that six digits?

I think there are a lot of such investors who want to remain anonymous for a reason, mostly because such public announcements would greatly affect the price of Bitcoin. For the average Joe who has invested in Bitcoin, such announcements mean profit - but for those who invest big money and gradually increase their Bitcoin supply, a higher price only means higher costs.

In other words, it suits all of them that the price is not rising, but to remain as stable as possible or to go as low as possible. When you buy for hundreds of millions of dollars, it means big savings - and the rich are rich for a reason, they don't spend money like drunken billionaires (with some exceptions).

When it comes to gold, I do not expect traditional investors to turn to cryptocurrencies so quickly, because they put stability first, and only then profit. It's no secret that $ trillion has been invested in bonds with negative yields, although that amount has declined considerably over the past few years. We can rightly ask ourselves why these investors prefer to choose a guaranteed loss, rather than a possible profit.

[Reatim]

I have no doubts about bitcoin's ability to hit $100,000 but I'm not sure if it will happen this year. But if it happens this year, I'm sure many of us will want to sell it at peak prices. Meanwhile, we still have about 8 months left to see what the bitcoin price will be at the end of this year and now, we are also still allowed to buy bitcoin at the current price. So before the opportunity is lost, we should be able to use it to buy bitcoin and hold it until the price reaches our desired price target.

Never trust those who claims that Bitcoin can reach that High sooner because those who has that speculation are mostly those people who are eager to make Bitcoin price Hype so they can sell their Holdings in good profit.
But the truth is that they have no plans in adding another amount to keep safe, meaning they are boosting small investors to give them this break.
how many thread had been released this whole year alone? not counting those who had been released in the 2021 Bull hyping year?
no not trustworthy and I will keep mine for the time being.

Yes what you say is absolutely true, it seems impossible for bitcoin to be able to reach $100 thousand in one year, it could be 2 or 3 years bitcoin can reach that price.
And hoping that the price of bitcoin can reach $60 thousand we are very grateful because for the last few months people have been very depressed thinking about the price of bitcoin that never recovered.

Bitcoin can reach that high in 1 year, and that is when the Halving comes again and when? yes it is 2025 .

[barbara44]

Or which institutions are going to invest next on bitcoin? Bitcoin narrative have change in the last 4-5 years that push it to $69k. I didn't see it coming from government or companies that are willing to put their assets into bitcoin. But this time, we need more, are gold investors going to shift so that we will going to hit $100k or more in the next years? Or will retail still going to be the fuel for that six digits?

Only the way to find out is to stay tuned on the news, for sure there are still more institutions that are not yet involved in to bitcoins and still want to invest on it because the name of bitcoin is still getting popular, it gets wider and wider every single day but nice number there 69k hehe.

I think bitcoin will come back on that number soon and maybe he will stay on it, not because it's a nice number but we all now that bitcoin is getting stable sometimes. Maybe next time, that is going to be the next support. The fuel to see bitcoin on a new high can come from different sources including govt's, Co's, and of course our very own retail investors.

[ololajulo]

How many times we see those prediction fails? Most of those prediction didn't have proper timeline so I guess they are just waiting for it to happen and praise their selves once those price came to reality. So maybe best for you to not mind all of those prediction because some do it for their own benefits they just want to be discussed by majority and this is huge exposure to them if they succeed.

Those predictions are meant to keep hope alive for investors and traders. The market dont just go quiet in the bear market but I expect to see the bottom of the bitcoin market this year if we haven't seen it. 2023 will prepare the ground for bitcoin halving in 2024, If bitcoin does not get lower than the present price it does not look attractive for investor willing to take 20x+ in the next bull

[Silberman]

at least he didn't say something unrealistic although it could be that he exaggerated the time period because it was short, 1 year is too short, looking at the current price of 40000$ and knowing that the price was already at 69000$ and fell a lot so we can see that first before going up a lot it needs to go down a lot and consolidate for some time while waiting for another big good news to win a big impulsu and go up a lot again, but i think it would go up to 80000$ and then it would go down a lot and then would rise again to 100000$ and this cycle can take more than 1 year. so I think $100,000 in a year is still not realistic

When it comes to a prediction about the future price of bitcoin there are two key points we need to evaluate so we can know if it is realistic or not, the first is the price itself that is being predicted and the second is the time it will take for bitcoin to reach that price, now 100k is not an unrealistic figure by itself as it is not far away from the ATH, however the timing is the issue, after all we are at the wrong part of the cycle and as such unless we break the 4 year cycle of bitcoin the price has no chance of going so high so fast.

[LUCKMCFLY]

It is interesting that he says this, since he talks about the movement of BTC in the short term, which means that it is very likely that when we think in the long term, the behavior of BTC will be totally bullish.

I have also been reading some other articles some talk about the possible correlation between traditional assets and BTC but when we start to see their behavior they are only almost identical in the short term then the behavior fades it may have an impact on the economic level in the particular tradition, but I think that BTC does not need much prediction when in the long term it is about to reach more than $100k.

[Yaunfitda]

How many times we see those prediction fails? Most of those prediction didn't have proper timeline so I guess they are just waiting for it to happen and praise their selves once those price came to reality. So maybe best for you to not mind all of those prediction because some do it for their own benefits they just want to be discussed by majority and this is huge exposure to them if they succeed.

Those predictions are meant to keep hope alive for investors and traders. The market dont just go quiet in the bear market but I expect to see the bottom of the bitcoin market this year if we haven't seen it. 2023 will prepare the ground for bitcoin halving in 2024, If bitcoin does not get lower than the present price it does not look attractive for investor willing to take 20x+ in the next bull

Well at least if you are here for long term, these kind of predictions doesn't matter. I mean it's good to hear someone with a bold prediction of like 6 digits, nevertheless your concern as a long term investor is to accumulate as much as you can and hold. Maybe we can hit that price in the future, but still, you will not just simply dump it just for the profits. You will have to hold and wait for more, until such time that it bitcoin exceeds your expectations.

[Marvell1]

at least he didn't say something unrealistic although it could be that he exaggerated the time period because it was short, 1 year is too short, looking at the current price of 40000$ and knowing that the price was already at 69000$ and fell a lot so we can see that first before going up a lot it needs to go down a lot and consolidate for some time while waiting for another big good news to win a big impulsu and go up a lot again, but i think it would go up to 80000$ and then it would go down a lot and then would rise again to 100000$ and this cycle can take more than 1 year. so I think $100,000 in a year is still not realistic

The target of 100k in a year is not feasible with the current situation, we all know that Bitcoin's growth cycle, Bitcoin will reach ATH and will then collapse and take at least 2 or 3 years we can see Bitcoin's recovery. Bitcoin's cycle may not be the same, BTC had an ATH last year so hitting a new ATH this year is also possible but the 100k target is unlikely. I agree with you, the next ATH of the BTC will be 80k and then adjusts a while before it can reach 100k$.

[Silberman]

at least he didn't say something unrealistic although it could be that he exaggerated the time period because it was short, 1 year is too short, looking at the current price of 40000$ and knowing that the price was already at 69000$ and fell a lot so we can see that first before going up a lot it needs to go down a lot and consolidate for some time while waiting for another big good news to win a big impulsu and go up a lot again, but i think it would go up to 80000$ and then it would go down a lot and then would rise again to 100000$ and this cycle can take more than 1 year. so I think $100,000 in a year is still not realistic

The target of 100k in a year is not feasible with the current situation, we all know that Bitcoin's growth cycle, Bitcoin will reach ATH and will then collapse and take at least 2 or 3 years we can see Bitcoin's recovery. Bitcoin's cycle may not be the same, BTC had an ATH last year so hitting a new ATH this year is also possible but the 100k target is unlikely. I agree with you, the next ATH of the BTC will be 80k and then adjusts a while before it can reach 100k$.

There were many people that thought that we were going to break away from the four year cycle that we have been watching in bitcoin since its creation, but at least it seems right now that we are going to need to wait until the next cycle to see if we can finally see a price of bitcoin that grows more slowly and that does not crash as often, and if that is the case then the chances that we will see 100k this year are low, but still it is not completely impossible, as we have still 8 months remaining during this year.

[Natalim]

That's an automatic bullish prediction, well, we could be happy with that but at least we stay realistic all the time. No problem with long term holders, but those who are trading short term like day traders, we have to be aware that the trend now is not bullish, it's more of a bearish trend and it's possible to see more down trends over time.

I believe that $100k is possible but would only happen once the correction is over and it's not gonna happen this year IMO.

[arufox]

I think it's still hard for bitcoin to hit $100k in this year because there are still some headwinds for the market. So far, global regulations remain fragmented and the crypto market is still unstable. What's more, the price of bitcoin is still correlated with the stock market so when stocks fluctuate, so does Bitcoin.

[Silberman]

I think it's still hard for bitcoin to hit $100k in this year because there are still some headwinds for the market. So far, global regulations remain fragmented and the crypto market is still unstable. What's more, the price of bitcoin is still correlated with the stock market so when stocks fluctuate, so does Bitcoin.

What happens is that we need something to take us out from the ranging market we are going through, and with Elon buying Twitter I think there is a possibility this could happen, after all he has announced that he is bringing changes to the platform and one of them could be the integration of bitcoin in Twitter, which could make the adoption to go up and give us enough strength for a bullish movement to materialize, but all of this is just speculation at this point.

[BuNga_cute]

I think it's still hard for bitcoin to hit $100k in this year because there are still some headwinds for the market. So far, global regulations remain fragmented and the crypto market is still unstable. What's more, the price of bitcoin is still correlated with the stock market so when stocks fluctuate, so does Bitcoin.

What happens is that we need something to take us out from the ranging market we are going through, and with Elon buying Twitter I think there is a possibility this could happen, after all he has announced that he is bringing changes to the platform and one of them could be the integration of bitcoin in Twitter, which could make the adoption to go up and give us enough strength for a bullish movement to materialize, but all of this is just speculation at this point.

I also think the same thing regarding Elon Musk officially buying Twitter it will have a positive impact on Bitcoin. Since we know Elon Musk has been
very active in promoting Bitcoin and Dogecoin since 2021, so buying Twitter one of the goals is probably crypto related. It's true, it's still speculation,
but the chances of it coming true are pretty big in my opinion. We'll see what happens next, hopefully it's true Elon Musk will help raise the price of
Bitcoin. But if Bitcoin doesn't hit $100k this year after Elon Musk makes Bitcoin bullish again, at least I hope with the help of Elon Musk Bitcoin this year
can return to above the price of $ 60k, it is enough to satisfy me.

[Mahanton]

I think it's still hard for bitcoin to hit $100k in this year because there are still some headwinds for the market. So far, global regulations remain fragmented and the crypto market is still unstable. What's more, the price of bitcoin is still correlated with the stock market so when stocks fluctuate, so does Bitcoin.

What happens is that we need something to take us out from the ranging market we are going through, and with Elon buying Twitter I think there is a possibility this could happen, after all he has announced that he is bringing changes to the platform and one of them could be the integration of bitcoin in Twitter, which could make the adoption to go up and give us enough strength for a bullish movement to materialize, but all of this is just speculation at this point.

The coin that actually had benefited out with this news or event is Doge
https://www.marketwatch.com/story/dogecoin-jumps-17-outperforms-bitcoin-as-supporters-count-on-musk-to-make-twitter-more-doge-friendly-11650910168

I do rather see that this would be Doge friendly platform but i wont be having any doubts that Elon would be putting of course BTC on this area
but we arent that dumb on which one is favorite. lol 

[Silberman]

What happens is that we need something to take us out from the ranging market we are going through, and with Elon buying Twitter I think there is a possibility this could happen, after all he has announced that he is bringing changes to the platform and one of them could be the integration of bitcoin in Twitter, which could make the adoption to go up and give us enough strength for a bullish movement to materialize, but all of this is just speculation at this point.

The coin that actually had benefited out with this news or event is Doge
https://www.marketwatch.com/story/dogecoin-jumps-17-outperforms-bitcoin-as-supporters-count-on-musk-to-make-twitter-more-doge-friendly-11650910168

I do rather see that this would be Doge friendly platform but i wont be having any doubts that Elon would be putting of course BTC on this area
but we arent that dumb on which one is favorite. lol 

Without a doubt when it comes to his tweets Elon gives way more love to dogecoin, however rich people talk with their money, and I doubt that Elon has as much money invested at dogecoin than the money he invested at bitcoin, so if we are talking about exclusively a business decision it is better for him to look into how to integrate bitcoin to twitter than to do the same for dogecoin, since the former will bring him more benefits than the latter.

[Lanatsa]

What happens is that we need something to take us out from the ranging market we are going through, and with Elon buying Twitter I think there is a possibility this could happen, after all he has announced that he is bringing changes to the platform and one of them could be the integration of bitcoin in Twitter, which could make the adoption to go up and give us enough strength for a bullish movement to materialize, but all of this is just speculation at this point.

The coin that actually had benefited out with this news or event is Doge
https://www.marketwatch.com/story/dogecoin-jumps-17-outperforms-bitcoin-as-supporters-count-on-musk-to-make-twitter-more-doge-friendly-11650910168

I do rather see that this would be Doge friendly platform but i wont be having any doubts that Elon would be putting of course BTC on this area
but we arent that dumb on which one is favorite. lol 

Without a doubt when it comes to his tweets Elon gives way more love to dogecoin, however rich people talk with their money, and I doubt that Elon has as much money invested at dogecoin than the money he invested at bitcoin, so if we are talking about exclusively a business decision it is better for him to look into how to integrate bitcoin to twitter than to do the same for dogecoin, since the former will bring him more benefits than the latter.

We dont actually know on how much coins that he had been holding or trying to accumulate.
Whether he do focuses on;
-Bitcoin
-Doge
-Other coins(hasnt been mentioned publicly)

In talks about 100k on bitcoins price for this year then no one really knows and we do still have
8 months to go before we could see significant changes or into the next.

[rodskee]

I think it's still hard for bitcoin to hit $100k in this year because there are still some headwinds for the market. So far, global regulations remain fragmented and the crypto market is still unstable. What's more, the price of bitcoin is still correlated with the stock market so when stocks fluctuate, so does Bitcoin.

Great for your argument mate and indeed it is something we must understand , Bitcoin will reach that level but of course this will take time and will be happening in the coming years and not this one .
Bitcoin can reach even more higher than that but not in our very moment now 
I trust all the prediction in good manner but not to the extend that this will be in  our way now.