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.