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Topic: Bitcoin could hit $100,000 within a year, crypto firm's CEO predicts! - page 4. (Read 393 times)

legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
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.
legendary
Activity: 2534
Merit: 1338
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.
full member
Activity: 2170
Merit: 182
“FRX: Ferocious Alpha”
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.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
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.
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
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.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
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.
member
Activity: 352
Merit: 18
Pepemo.vip
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


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