Alex Mashinsky: “Bitcoin will rise in price to $ 160,000 this year”

According to Alex Mashinsky, CEO and co-founder of the Celsius platform, this year the bitcoin rate will reach $ 160,000.

Mashinsky stressed that in 2021 bitcoin “has not yet shown new peaks” and, after the current consolidation, its price will continue to rise.

“When an asset is growing very high and very fast, a correction is inevitable. You can see my posts in March and February. I wrote that the market will crash and there will be a correction. I predicted a decline to $ 30,000. Bitcoin is like a spring – we squeeze and squeeze it, trade with leverage. People are too greedy, ”said CEO Celsius.

Mashinksiy also touched upon Elon Musk, who often writes about cryptocurrencies and most often about Dogecoin. According to Alex Mashinsky, Musk’s messages do not help the development of the cryptocurrency industry. He’s just manipulating the market.

“When the richest man in the world says that he will sell you Tesla for Bitcoin, you need to think about who benefits from it. Yes, maybe you will buy a car a little cheaper, but bitcoin is always growing, and this transaction will ultimately benefit Ilon, not you, ”Mashinsky said.

Celsius Network is a fairly large company in the cryptocurrency market. Back in the fall of last year, the volume of assets under the management of the company exceeded $ 2.2 billion.

Comments (0)
Add Comment