Celsius CEO: BTC and ETH to break all-time highs in 2022

According to Alex Mashinsky’s predictions BTC to cross the $60 000 mark and ETH the $4500 mark

21.04.2022 - 10:15

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2 min

What’s new? Celsius Network CEO Alex Mashinsky, in an interview for Cointelegraph, opined that Bitcoin and Ethereum can break all-time highs in value in 2022.

News on the Cointelegraph website

What arguments did Mashinsky make? According to the entrepreneur, BTC has received strong support at the level of $30 000 to $33 000. Mashinsky believes Terra’s BTC purchase played a significant role in strengthening the asset. On March 26, the Luna Foundation Guard (LFG), a non-profit organization that is engaged in the development of the Terra blockchain ecosystem, bought $1 billion worth of bitcoins as part of increasing the stability of the algorithmic stablecoin UST. On March 30, LFG added 2943 bitcoins. And on April 13, another purchase of 2508,94 BTC was made.

Mashinsky noted that if retail investors join the organizations, this can lead bitcoin to new highs. As for Ethereum, according to the CEO of Celsius, the price of the asset can cross the $4500 mark.

What had happened before? In an interview for Kitco News, Alex Mashinsky recommended selling stocks and buying bitcoin in the coming recession in the United States. He spoke about his strategy in this situation, not to resist the Federal Reserve System (Fed), which implies an exit from the US stock market.

What is known about Celsius? It is a crypto lending platform founded in 2017. The service offers users loans secured by cryptocurrencies, deposits in cryptocurrencies and stablecoins, as well as Celsius Wallet, a cryptocurrency wallet.

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