There is another promising price prediction for Bitcoin bulls in 2022. Anthony TrenchevNexo’s co-founder and managing partner stated in an interview that Bitcoin may reach the $100,000 milestone as early as the summer. NBC Finance Channel.

although Bitcoin Starting the year Bearish price action, While fear and greed index Showing “extreme fear”, the Bulgarian business tycoon bluntly recorded:

“Every time investors and the wider community write off Bitcoin, it outperforms the market significantly. This is the case in 2020-when it rose close to 1,000%, it rose by another 63% in 2021. I am very optimistic about Bitcoin.”

As one of the world’s largest lending institutions in the digital financial industry, Nexo knows the insights to provide services to 2.5 million people user Across 200 jurisdictions. As a competitor to platforms such as BlockFi and Celsius, it recently became the first batch to allow customers to borrow the stable currency Ether (Ethereum) And others Cryptocurrency using NFT as collateral.

related: Brock Pierce and Tom Lee paid $200,000 in Bitcoin in 2022, even though they did not reach the target in 2021

Although Nexo was created in the 2018 bear market, Trenchev stated that obtaining “cheap money” and institutions filling their bags with cryptocurrency will push Bitcoin to break through the $100,000 barrier.

There is ample evidence that institutional adoption is in the pipeline. Last month, Fidelity Investments partnered with Nexo to provide crypto custody services, Provide products and loan services to institutional investors. Yesterday, Sam Bankman-Fried, the founder of FTX (just Listed NEXO tokens on his exchange), indicating that regulatory clarity will “A lot of help is provided in institutional adoption.”

In order to further adopt Bitcoin in developing countries, Trenchev concluded that “Latin America is a typical example of cryptocurrency use cases.” He joked that “all these (countries) may become potential candidates for adopting cryptocurrency as legal tender.”