Co-Founder of Major Crypto Lender Says Bitcoin (BTC) Will Explode by Over 350% – Here’s His Timeline

Co-Founder of Major Crypto Lender Says Bitcoin (BTC) Will Explode by Over 350% – Here’s His Timeline


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

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend