According to Nexo co-founder Antoni Trenchev, people shouldn’t write off Bitcoin. He maintained that every time people do, it significantly outperforms.
There is a price prediction for Bitcoin bulls in 2022. Antoni Trenchev revealed that Bitcoin (BTC) could reach the $100,000 milestone.
The Bulgarian business mogul has set the record despite BTC starting the year with bearish price action. Antoni said:
“Every time that investors and the broader community write off Bitcoin, it outperforms significantly. This has been the case in 2020 when it rallied close to 1,000% and in 2021 where it rallied 63%. I’m quite bullish on Bitcoin.”
Nexo is opportune to get insights from serving 2.5 million users across many jurisdictions. It is one of the cryptocurrency lenders that enable clients to use nonfungible tokens as collateral when borrowing Ether, Stablecoins, and other cryptos.
There is enough evidence that institutional adoption is getting ready. Fidelity Investments collaborated with Nexo to provide crypto custodial services and products for institutional investors. On Monday, FTX founder, Sam Bankman-Fried, maintained that regulatory clarity would “help a ton on institutional adoption.”
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Wilson is a successful crypto analyst and content writer with many years of writing experience in finance and blockchain fields. His interests are in crypto-asset research and technical analysis, Fintech, Blockchain, DeFi, NFTs, and Personal Finance.