Bitcoin will reach $ 160,000 this year, claims Alex Mashinsky

The CEO of Celsius Network is convinced that if Bitcoin becomes legal tender in several countries, its value can rise to as much as $ 160,000.

Bitcoin will reach $ 160,000 this year, claims Alex Mashinsky

Alex Mashinsky, the founder of 8 startups and current CEO of Celsius Network, a platform for buying and lending cryptocurrencies, is confident that BTC will reach more than $ 100K later this year.

The CEO of Celsius explained his conviction in a recent interview with Kitco News, where he mainly mentioned the current situation when BTC is becoming legal tender.

As you probably know, the first country to change its history and accept Bitcoin as legal tender is El Salvador, but other adepts have appeared, such as Paraguay, Tanzania and even Nigeria.

It is on these facts that A. Mashinsky also bases his conviction when he stated:

So if we can get a Brazil, if we can get a Nigeria, if we can get countries with large populations to accept this as legal tender – you’re going to see a huge explosion in the price because just the adoption of all those users is going to create tremendous new demand. We may reach all the way to $160,000 this year.

A. Mashinsky is also convinced that the current policy of the Fed and thus the artificial printing of people's money will increasingly go to cryptocurrencies and Bitcoin.

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