Cryptocurrency Short News

Nexo CEO’s Prediction: “Bitcoin to Rally Up To $50,000 Easily”


Bloomberg, the mainstream media interviewed Antoni Trenchev, CEO of NexoFinance about Bitcoin’s journey in the last decade. Trenchev poured out his views on how Bitcoin has fared and 9000000% increase since 2010. According to Nexo CEO, Bitcoin is an “incredible asset” uncorrelated to the overall market. He further compared BTC to gold asset & claimed if Bitcoin margins even a part of Gold’s value; then BTC price will reach $50k against USD by the end of 2020. 


However, Bitcoin is still trading in the bearish zone. Today, BTC prices have seen some relief with an unexpected 6% surge. But, it is yet to see how BTC fares in the long run. 

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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