Bitcoin (BTC) to rise to record highs this year, Celsius CEO says

Alex Mashinsky, CEO of digital asset lending company Celsius Network, predicted that Bitcoin would reach $ 100,000 by the end of 2021, while seeking to dissuade investors from using the cryptocurrency as a form of payment.

Speaking in an interview with Kitco News, Mashinsky confirmed that Bitcoin is a store of value that gains value every year, with the potential for further growth. Although Mashinsky expressed skepticism, he also noted that Bitcoin is also growing as a form of payment.

Mashibsky pointed out that the cryptocurrency space has potential drivers for Bitcoin's upward growth. He cited events such as Coinbase going public as one of the key drivers. Mashinksy noted that the price of Bitcoin has stabilised and will potentially rise to about $ 100,000 by the end of the year.

"Coinbase will go public next week. Millions of people will be interested when they hear the news. I think we're taking a break.Dec. I said that we would go up to $ 160,000 but I saw that we finished the year under $ 100,000, or between $ 90,000 and $ 100,000. So there are still many advantages, but I see Bitcoin going higher.”

According to mashninsky, Elon Musk has more control as Tesla's CEO and may decide to buy Bitcoin. Existing institutional investors in bitcoin remain isolated cases, says Mashninsky, arguing that boards of other companies cannot easily allow CEOs to invest in Bitcoin.