In spite of the current gloomy circumstances that are facing Bitcoin, some specialist projectors within the industry are optimistic that a massive bullish run is on the cards before the end of 2021.
Co-founder and CEO of Celsius, Alex Mashinsky, told Cointelegraph that he expects Bitcoin to hit $160,000 or slightly less before the end this year, insinuating that the coin is yet to hit “highs”.
“We haven’t seen the highs yet for 2021,” Alex argued. “When you go too high, too fast, you are bound for a correction. He said in reference to the recent market boom that saw Bitcoin hit $63,000.
“You can see my tweets in both March and February saying ‘we’re going to have a crash, we’re going to have a correction.’ I predicted $30,000. Bitcoin is like a spring – we stretch it too much and we put too much leverage. Too many people got greedy.”