Alex Mashinsky claims that Bitcoin will reach $ 160,000 by the end of this year

It seems that the positive news in the crypto sphere is far from over. Today, we have learned that, according to Celsius Network CEO Alex Mashinsky, the value of Bitcoin will climb to $160,000! It is always good to read such reports, but is there any real thing about it? According to several, yes. Alex Mashinsky, who is also the founder of 8 startups, explained that, according to him, the driving force of the BTC price will be the adaptation of this cryptocurrency by other countries. After the country of El Salvador, which became the first country in the world to accept Bitcoin as the official currency, Paraguay, Tanzania, and, for example, Nigeria also showed interest.


“So if we can get a Brazil, if we can get a Nigeria, if we can get countries with large populations to accept this as legal tender – you’re going to see a huge explosion in the price because just the adoption of all those users is going to create tremendous new demand. We may reach all the way to $160,000 this year.


It will be really interesting to watch this situation, as what will be right for countries to accept Bitcoin as legal tender remains to be seen. Leading economists have been raising a warning finger in recent days, believing that Bitcoin could cause the financial system to collapse for any country that approves it. We will have to wait for the truth, but A. Mashinsky thinks that further artificial printing of money will also be a big plus for people to be more and more interested in cryptocurrencies.