Based on Hong Fang – Ceo of the US cryptocurrency swap OKCoin – bitcoin’s cost could surge past $100K. However , there are a lot of elements that will play in the short-term, which means the asset might not achieve the milestone that quickly, she added.
Bitcoin with $100K Is ‘Reasonable’
Regardless of bitcoin’s recent price decrease and volatile nature, the amount of individuals envisioning the cryptocurrency with a future price tag associated with $100, 000 is growing everyday. OKCoin’s CEO – Hong Fang – is the most recent member of the club.
In the recent interview for CNBC, the executive opined that will BTC’s network has “no protocol risks. ” Therefore, she is “very bullish” to the asset and thinks it might even surpass the $100K price level. This possible surge might not happen within the short-term, though, as there are many market factors influencing the particular cryptocurrency at the moment, she described:
“Mid to long-term, We still think getting to hundred buck, 000 – or even increased price – shouldn’t become a problem. The timing could be a bit elusive because we have been at the mercy of market dynamics. ”
Additionally , Fang gave the girl two cents on non-fungible tokens. Similar to other NFT proponents, such as Shark Tank’s Kevin O’Leary and Visa’s Cuy Sheffield, she thinks they have a lot of potential. Fang also compared the NFT hype in the last 12 months using the DeFi craze in 2020.
Nonetheless, she warned that will delving into the non-fungible symbol universe is not for everyone since it is still in its early days:
“It is very early therefore it is not for everyone. You got to perform your homework before placing your money into it. ”
Hong Fang, Source: Business InsiderATH But Not $100K
Earlier recently, Guido Buehler – Ceo of the Swiss-based SEBA Financial institution – presented another bullish forecast for bitcoin’s cost. The exec believes institutional investments will push the particular asset’s USD value in order to as high as $75, 000.
Pascal Gauthier – CEO associated with crypto wallet Ledger – agreed with Buehler. In the view, investors trust bitcoin “more and more, and it is the people that will push the cost up. ”
In turn, Nikolaos Panigirtzoglou – a strategist at JPMorgan Chase & Co – recently opined that bitcoin’s “fair price” sits between $35, 500 and $73, 000. It might reach the higher number in case investors start switching through gold to BTC, he or she believes.
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Tags: Bitcoin (BTC) Price Non-Fungible Symbol (NFT)
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Dimitar got interested in cryptocurrencies back in 2018 amid the particular prolonged bear market. Their biggest passion in the field is definitely Bitcoin and he was captivated by its journey. With a sparkle for producing high-quality content material, he started covering the cryptocurrency area in late 2018. His pastime is football.