Nexo Co-Founder Predicts Bitcoin Could Reach $100K ‘Within 12 Months’
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Antoni Trenchev, Co-Founder and Managing Partner of Nexo, “the world’s largest and most trusted lending institution in the digital finance industry”, is expecting the Bitcoin price to get to $100,000 within a year.
According to a report published by CNBC earlier today (April 14), the Nexo managing partner told CNBC that although he us concerned about Bitcoin in the short term — since its price might fall along with other risk-on assets such as U.S. tech stocks as the Federal Reserve continues tightening monetary policy by increasing interest rates — he still believes that “within 12 months” we should see the Bitcoin price hitting $100K.
Back in early January, in an interview with CNBC’s “Street SIgns Asia”, Trenchev said:
“I think [bitcoin’s] going to reach $100,000 this year, probably by … the middle of it.“
Earlier today, Nexo announced its newest feature: MetaMask integration. Nexo says that using the MetaMask crypto wallet web extension on its platform, “clients can now interact with their on-chain wallet, setting up MetaMask as a single-click top-up source.” It also mentioned that three benefits this integration brings are “effortless transfers”, “exchange versatilty”, and “flexible gas fees”.
Nexo went on to say:
“Making it possible for our users to use their MetaMask Wallets directly on the Nexo platform creates a new level of usability for our products and the assets we support. The integration provides seamless interaction with users’ on-chain wallet and serves as an intuitive on/off-ramp for various cryptocurrencies. It also helps with eliminating transaction errors and is yet another way clients can use Nexo’s multichain bridge between the Ethereum mainnet and Polygon.“
Nexo made several announcements yesterday, the most interesting of which was the Nexo Card, which it says is “the only card that lets you spend the value of your crypto without selling it.”
Nexo says this card is “tied to your Nexo Instant Crypto Credit Line, so you can operate with your crypto in your daily life without sacrificing its future potential.”
Here are a few features of the Nexo Card:
- “Up to 2% in Crypto Rewards” (paid out in $BTC or $NEXO)
- “Crypto Credit from 0% APR“
- “No Monthly Fees“
- “No Minimum Monthly Repayments“
- “Free Virtual Card” (can be used with Apple Pay & Google Pay)
- “Free ATM Withdrawals” (“up to 10 free ATM withdrawals per month with a monthly limit of up to €10,000”)
- “Zero fees” (“No FX fees for up to €20,000 per month“)
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
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