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

[tokyohd]

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

Antoni Trenchev told CNBC he thinks the world's biggest cryptocurrency can surge above $100,000 "within 12 months."


He said he's "worried" about bitcoin's short-term prospects, suggesting it may fall in tandem with traditional financial markets as the Federal Reserve starts unwinding its massive monetary stimulus program.

But that may, in turn, "give further impetus to crypto," he added, as a "crash" in stocks would likely mean the U.S. central bank eventually goes "back to easing in no time."

If Trenchev's forecast is correct, that would mean bitcoin's price would have to more than double this year.

For what it's worth, in January 2020 Trenchev predicted bitcoin's price would top $50,000 by the end of that year. "Everybody was laughing me out," he says.

Trenchev's 2020 prediction didn't come true. Bitcoin only managed to hit a high of just over $29,000 that year. But the cryptocurrency did eventually surpass that $50,000 in February 2021.

More Details: https://www.google.com/amp/s/www.cnbc.com/amp/2022/04/14/bitcoin-btc-price-could-hit-100000-within-a-year-crypto-ceo.html

[mk4]

Nothing to see here bros — just another one out of thousands of price "predictions" that's going to end up being freakishly wrong regardless if in the upside or downside.

[NeuroticFish]

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

Since his business works with crypto, it's part of the job description to convince people that crypto has a good future.
Making price predictions is one such move. The prediction has 0 value because it's a prediction and the bigger/more interesting the price published, the better chances newspapers will talk about that, also indirectly advertising his company. It's a win-win situation by just telling a number.

So it's a biased prediction with absolutely no value. Sorry.

[arwin100]

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.

[bitterguy28]

So  another 100 thousand thread? have you checked how many same topics created over 2021 till now?if you are not  aware you can check it yourself and find out how many of them.
but yet Speculative and nothing to be certain so if i were you? try not to trust those predictions that much but of course confidently invest in bitcoin as there are assurance of making profit in long term holding.

[Silberman]

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

Since his business works with crypto, it's part of the job description to convince people that crypto has a good future.
Making price predictions is one such move. The prediction has 0 value because it's a prediction and the bigger/more interesting the price published, the better chances newspapers will talk about that, also indirectly advertising his company. It's a win-win situation by just telling a number.

So it's a biased prediction with absolutely no value. Sorry.

Agreed, this is like an owner of a company that sells precious metals saying to you that gold will go up in price during the short term, of course they are going to tell you that because they want you to buy their gold and take your money, so when there is such an obvious conflict of interests then it is better to not listen to those predictions, could bitcoin reach that price? Absolutely, but if it does it would be because of its own market dynamics and not because a CEO made a prediction.

[el kaka22]

Nexo is high on bitcoin that is for sure. I keep getting emails from them and I am not even sure if I know what they are. They must be pretty hyped to email me daily, god knows when I checked it and gave them my mail, but they are hyped and think that they could make a ton of money based on the frequency of the mails I got.

Being a bitcoin maximalist is not really that bad, it is quite good actually and could be giving people a good return during bull periods. But, it is better to be realistic when you are talking about bitcoin. Like for example 100k is not unrealistic, but it is not probable neither, would I invest into bitcoin thinking it will go up? Not only I would, but I also do that. But would I expect it to do 100k in a year? I am not entirely sure.

[Johnyz]

Many already believes on this and seriously they are just saying the same thing and this is not a new thread because someone already post a topic like this. Bitcoin is unpredictable, the price can pump easily and it can also dump without any support level, the risk is still here but if you do believe in long term holding then you might be able to witness that price with a huge amount of Bitcoin holdings, just be more patient.

[dunfida]

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.

Just another day Just another prediction that we are seeing and its not something new.Some do even reach out unrealistic numbers and some are good to consider but in overall everything would really be that unpredictable and this is should how people do really mind off about their investment that there's no assurance on when we do hit another All time highs and with this random market then its really that hard.
No matter how popular or known person or institution would be saying those numbers, it wont really be that much different into those ordinary traders/investors in the market
when it comes to price calls.

[ololajulo]

Most of such predictions are meant for new and young investors that could be caught on bulltrap. I dont doubt anything in crypto but prediction with time frame is not always wise. I will also welcome analysis of the market and comparing with previous occurrence but we cant rule out changes in market response as the market is growing. We need to consider the influence of whales in this market and the way they are holding the coin

[Myleschetty]

I hope people won't believe take this prediction of the CEO of crypto lending firm Nexo seriously because it is something we have seen countless times before when people make a market prediction on their own beliefs which didn't play any significant role in the Bitcoin market.
Bitcoin will reach a $100K price but it is too early now.

[tabas]

Isn't it scary when most of them are bullish? Well, I've been part of the bullish people and will still be but when news like this comes out most of the time.
There's nothing new when they're telling the same thing. I guess we'll keep on seeing CEOs predicting the same price of bitcoin until it reaches it finally.

[Oceat]

Isn't it scary when most of them are bullish? Well, I've been part of the bullish people and will still be but when news like this comes out most of the time.
There's nothing new when they're telling the same thing. I guess we'll keep on seeing CEOs predicting the same price of bitcoin until it reaches it finally.

Most people think that Bitcoin is like a bubble that's why they keep thinking or hoping that it would be bullish but they never understand the cause and effect after the bull run in a long period of time. We're just so lucky that Bitcoin isn't moving that way but to most altcoins it does happen. And making such prediction or believing that someone could just predict the way they want to as if their prediction matters. In the long run their prediction will just be forgotten as if they never existed so stay focused on reading the chart and do your own thing to make a prediction and stop believing to these so-called experts.

[Vaskiy]

$100k within a year could happen. This is based on the ath of bitcoin that is being reached last year. The price started to reach ath in an unexpected time period and everything happened within a very short time period. Considering such growth pattern reaching $100k is possible, but the market need to be supportive. For now it looks like the market is in a stabilized move. So, it looks like we'll experience slow and steady growth till the year end.

[ajochems]

The continuous increase in the price of bitcoin was essential one for this.Now the people investing was reduced due to the economic crisis,or else it may reached 70k dollars already.Many people of various countries suffer a lot in inflation.The food value increase a lot.The price of food items which is essential to make the food was increased to higher prices.So food price increased huge.

[adaseb]

Yes it’s possible. His prediction isn’t as bad as others which were predicting $250 K in 60 days when we were trading in the $60K zone.

1 year is a long time. We can have a recession, Bitcoin can break $28K and head to. $20K and reverse and in  a few short months can break the $69K ATH and head to $100K.

Lately all bear markets whether for crypto or stocks are very short. So it’s possible.

[Oasisman]

Just another prediction like the others, with just different name, from a different company, and different analysis.
We have seen predictions like this like a hundred times, and no it's totally wrong most of the time. There are even unrealistic worse bullish prediction.
For this one, the author might only say $100k this year didn't happen but a year or after many months it became true, and that will validate his prediction lol.

[Poker Player]

Yeah, right, and it could also have hit $100K six months ago. In fact it was the minimum expected by everyone involved in this world for the past year, some predictions giving much more. We won't get too excited about that prediction, but maybe people who don't know much about this world will be motivated to invest through his firm.

[Rikafip]

For what it's worth, in January 2020 Trenchev predicted bitcoin's price would top $50,000 by the end of that year. "Everybody was laughing me out," he says.

So he is using false prediction as a confirmation that he was right, just because BTC reached 50k few months later? Great!

The worst thing about these useless predictions is that some of them will end up being right, and the people who gave those will be seen as gurus by crypto media and ignorant investors and may even do investments based on their "predictions".

[LogitechMouse]

I also predicted that $100,000 can be reached in a year. My neighbor also predicted that Bitcoin will be at $200,000 in the next 2-3 years. Somebody who doesn't know anything about Bitcoin just predicted that it will reach a million in a decade. The point here is everybody can predict whatever price they want to. Its just these influential and rich people's prediction are being put to an article but the point here is anybody can predict.

$100,000 in a year is reachable though IMO only if there is no multi-month bear market happening this year or else, this will not happen at least in a year.