June 9, 2023

Head of Nexo: Bitcoin price will easily reach $ 50,000 in 2020

Anthony Trenchev, co-founder of the Nexo landing platform, in an interview with Bloomberg expressed the opinion that the price of bitcoin can "very easy" get to the mark of $ 50,000 this year.

According to him, since the advent of the first cryptocurrency, its price has demonstrated patterns unique in its dynamics that cannot be found among other financial instruments.

“This is an amazing asset that does not correlate with the broad market.”- added Trenchev. - The only thing that we saw similar was the growth of the US dollar against the German paper brand in the 1920s ”

A far more conservative forecast was recently made by Galaxy Digital CEO Mike Novogratz. According to him, 2020 the first cryptocurrency will complete at marks above $ 12,000.

We also recall that BitMEX Research experts are confident that this year Bitcoin can reach a maximum of $ 15,000.