Nexo crypto lending platform co-founder Antoni Trenchev says he’s not turning his back on Bitcoin (BTC) despite BTC losing more than 70% of its value since late 2021.
In a new interview with Bloomberg Technology, Trenchev says Bitcoin experienced brutal price swings to the downside two years ago before rallying in a major way, and he anticipates BTC to manifest another bull cycle.
“The last time we had this type of volatility in Bitcoin and it lost like 50% intraday, it was in March 2020. Out of those levels, it went up 10x and reached levels of $50,000. So after the deleveraging and de-risking of the sector, I think we’ll be back in a rampant bull market.”
Trending: BO POLNY DELETED!
As the crypto markets remain in an extended