Bitcoin today, which is down just 2.63% over the last 24 hours.
According to Antoni Trenchev, who is the CEO of Nexo , Bitcoin will surpass $100,000 by this time next year or before.
That didn’t happen, but Bitcoin did make it to $50,000 for the first time in February of 2021, not too far off the Trenchev’s prediction.
We’ll have to wait and see if his prediction comes as close to the mark this time.
It is trading above $40,000, but for how long? The high for the year came at the end of last month, and it was mostly sustained over the next week.
This may be the story we continue to see played out throughout the year, as Bitcoin may struggle to hold on to any gains and may have a difficult time moving past the $50,000 support level, much less $100,000.