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Celsius Co-Founder and CEO Raises His Year End Target for Bitcoin to $160,000

On Monday (June 14), Alex Mashinsky, Co-founder, Chairman, and CEO of lending platform Celsius Network predicted that Bitcoin’s price could reach $160,000 by the end of this year. 

Here’s some information about Mashinsky from his bio page on the Celsius website:

“Alex is one of the inventors of VOIP (Voice Over Internet Protocol) with a foundational patent dating back to 1994 and is now working on MOIP (Money Over Internet Protocol) technology. Over 35 patents have been issued to Alex, relating to exchanges, VOIP protocols, messaging and communication. As a serial entrepreneur and founder of seven New York City-based startups, Alex has raised more than $1 billion and exited over $3 billion… As one of the pioneers of web-based exchanges, Alex authored patents that cover aspects of the Smart Grid, ad exchanges, Twitter, Skype, App Store, Netflix streaming concept and many other popular web companies.“

In an interview on June 14, Mashinsky told Michelle Makori, editor-in-chief of Kitco News:

“We may reach all the way to $160,000 this year. I’m sticking to that prediction.“

As for El Salvador’s move to make Bitcoin legal tender, he said:

“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.“

And with regard to Tesla CEO Elon Mush, he had this to say:

“I call him a [Bitcoin] tourist because anybody who comes from fiat land to crypto land and is coming in here for the wrong reasons and then leaves for the wrong reasons, is a tourist. He does have a very strong following worldwide, but inside the Bitcoin community his influence is waning.“

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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