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
283
2 min
0
.
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.
Useful material?
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024