Diginex CEO: Bitcoin Could Be $ 175K By The End Of The Year

 

Diginex CEO Richard Byworth suggested that the Bitcoin price could go up to $ 175,000 by the year until the year learns. Byworth said the Bitcoin rally has just begun. 

Digital healthcare company Diginex CEO was a guest at Bloomberg in Nasdaq. CEO Richard Byworth argued that the changing situation in the US has a huge impact on the Bitcoin price. 

Supply shortage is great Byworth; He stated that reasons such as the Fed's printing of money, the economy not growing, the unemployment rate, trillion dollar debt increased the demand for Bitcoin. 

This situation also creates a supply shortage for BTC. And the introduction of institutional applications into the field further increased the supply problem. According to Byworth; Bitcoin, some of the companies Microstrategy, Tesla, Square and Meitu, accounts for 40% of BTC's annual supply. 

It took a few months alongside this book. “This is the first stage of the rally. Things will get hotter. 

Why 175 thousand dollars? 

Diginex CEO stated in the calculations they made as a company that the target of 175 thousand dollars is a suitable number according to the course of the situation.

According to him, corporate companies played a key role in this calculation. He also noted that some hedge funds and some water-covered cryptocurrencies have begun to slide out of the bond market.

"People started asking: How can Bitcoin be a better store of value than gold?" "We'll probably see a record at the end of October," said the CEO, who cited 18.6 million of Bitcoin's circulating supply. said.