Antoni Trenchev, managing partner of cryptocurrency company Nexo, thinks that Bitcoin will break the price record next year.
Speaking to CNBC, Trenchev said about the rise in Bitcoin price: “I am confident that we will see $100,000 in 2024.” said.
According to Nexo’s founder, the rise in Bitcoin price in recent weeks is To investors already in the market It endures. Trenchev, “No matter what anyone says, retail investors are still on the sidelines and have not yet entered as they did in 2020, 2021.” said.
Trenchev, in addition to individual investors To be approved in January 2024 through spot exchange traded funds (ETFs) institutional investors is also waiting for it to enter the market.
Expressing views similar to MicroStrategy’s founder Michael Saylor, Trenchev stated that the amount of Bitcoin in circulation will increase in April/May 2024. will reduce by half He thinks that halving will also affect the price positively.