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

CEO of Nexo says bitcoin could hit $100,000 within a year. Antoni Trenchev says he's "worried" about bitcoin's short-term prospects. He says it may fall in tandem with traditional financial markets as the Federal Reserve begins to 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," he said. Bitcoin only managed to hit a high of just over $29,000 in January 2020, but the cryptocurrency did eventually surpass that $50,000 by the end of that year in February 2021. Source