Diginex CEO Says Bitcoin Will Set A New Record

 

Diginex CEO Richard Byworth explains in his invitations the impact of institutional adoption on the price and supply of Bitcoin (BTC). According to Richard Byworth, the Bitcoin price can be traded as much as 175,000 a year.

Diginex CEO: Bitcoin price can see as much as 175,000 observations a year! In an interview with Bloomberg Markets and Finance, Diginex CEO Richard Byworth says he expects an increase of more than 212% from the current price of Bitcoin. Richard Byworth adds to his comments on the subject:

"WE ARE MODELING ABOUT US $ 175,000 FOR BITCOIN PRICE UNTIL THE END OF THIS YEAR."

Richard Byworth uses the Stock Flow Model for forecasting Diginex CEO uses Stock Flow (S2F), which divides the interest Model by quantity over the year in a commodity world in a published estimate. Richard Byworth says that BTC will finally reach its price target in the Stock Flow Model in the 4th quarter of 2021. Richard Byworth adds to his comments on the subject:

IF YOU LOOK AT VARIOUS ASPECTS OF THE STOCK FLOW MODEL… ACCORDING TO THE RESULTS, WE THINK WE WILL SEE THIS SUMMIT UP TO THE SECOND HALF OF THE YEAR, POSSIBLE AT THE END OF OCTOBER.

Diginex CEO: I really have a supply crisis in Bitcoin Richard Byworth adds that Bitcoin's currently supply is experiencing a summer crisis as companies compete to earn leading cryptocurrency. Richard Byworth adds to his comments on the subject:

YOU ARE BEGINNING TO SEE A VERY EXTREMELY OF CORPORATE ADOPTION, CORPORATE ADOPTION. YOU HAVE FOUR COMPANIES "MICROSTRATEGY, TESLA, SQUARE AND RECENTLY MEITU" THESE FOUR COMPANIES BUY 40% OF THE ANNUAL BITCOIN SUPPLY IN JUST A FEW MONTHS. SO WE REALLY HAVE A CRISIS ON THE SUPPLY SIDE AT BITCOIN. THIS IS ONLY THE EARLY STAGE OF THE RALLY. THERE WILL BREAK EVEN THERE.