According to current prices, Bitcoin may see five fold increase
According to NEXO co-founder, Bitcoin price may be five times bigger in comparison with the current value
Expert predicts BTC growth
Bitcoin demonstrates full recovery after the recent decline. Now the largest cryptocurrency has managed to surpass $9100. Still there are some experts and analysts who believe its price may reach $50 000. This would mean that Bitcoin can surge by more than 100% in comparison to its historic maximum of $20 000 registered in December, 2017.
The co-founder and CEO of NEXO Anthony Trenchev announced that bitcoin can reach $50К this year. It means that the asset can experience more than 400% surge in the upcoming months.
The expert’s comments appeared after a few months of Bitcoin’s volatility between $8400 and $10100. This is extremely important for the coin as long as it demonstrates relative sustainability that would seem approachable for new investors and users.
Trenchev believes that the maximum BTC supply amounting to $21 million will be the key factor for reaching new heights.