Celsius CEO: Bitcoin will go all the way to $160,000 this year!
Even bitcoin briefly dropped below $30,000, industry experts still have positive feedback about the world’s first decentralized cryptocurrency. Alex Mashinsky, chief executive officer and co-founder of Celsius, the centralized cryptocurrency lending platform, told Cointelegraph in Bitcoin 2021 in Miami, that he sees Bitcoin reaching $160,000 this year, or a bit lower.
He further remarked that the crypto market was bound for a correction, following Bitcoin’s recent all-time high of over $63,000:
““When you go too high, too fast, you are bound for a correction. You can see my tweets in both March and February saying ‘we’re going to have a crash, we’re going to have a correction.’ I predicted $30,000. Bitcoin is like a spring – we stretch it too much and we put too much leverage. Too many people got greedy.”
He even commented on Elon Musk’s recent tweets about Bitcoin. He said Elon Musk is not helping the crypto community, but rather manipulating the market. Noting, Musk is simply a “tourist” in the land of crypto.
Mashinsky also noted that Tesla accepting Bitcoin payments will benefit Musk, but not consumers:
“If the richest guy in the world is willing to exchange a Bitcoin for a Tesla, you have to ask yourself, who is getting the good deal? The minute you buy that Tesla, it’s worth less than what you paid for it, but Bitcoin is going to continue to increase in value. So that transaction is good for Elon, but it’s not good for you.”
Celsius will be moving its business operations from the United Kingdom to the United States in the coming months, Roni Cohen Pavon, chief revenue officer at Celsius told to Cointelegraph.
