According to Antoni Trenchev, Co-Founder and Managing Partner of Nexo, the Bitcoin price might reach $100,000 in a year.
Many experts are hesitant to predict a specific amount or a certain date, rather pointing to the trend of Bitcoin’s value increasing over time.
At the same time, the institutional approach still points to the attractiveness of cryptocurrencies.
Furthermore, confirmation of the hypothesis that cryptocurrencies are a hedge against inflation is still difficult to come by.
For altcoins, correlation with bitcoin remains a key item to watch.