Bitcoin could see further upside and surge as high as $100,000 by the middle of 2022, according to Antoni Trenchev of cryptocurrency lender Nexo.
The world’s largest cryptocurrency by market cap was trading at $46,170.43 as of 8:42 p.m. ET Monday, according to data from Coin Metrics.
“I think [bitcoin’s] going to reach $100,000 this year, probably by … the middle of it,” Trenchev, co-founder and managing partner at Nexo, told CNBC’s “Street Signs Asia” on Monday. The firm claims to be the world’s largest lending institution in the digital finance industry, according to its website. The company has issued more than $6 billion in credit and manages assets for more than 2.5 million users globally, it said.