Celsius Network CEO predicts Bitcoin price to reach $160,000

Bitcoin’s price is projected to reach $160,000 in 2021, said Celsius Network chief Alex Mashinsky. Cointelegraph reports.

Mashinsky emphasized that the crypto industry “has not yet seen the highs of 2021.” He also recalled his forecast of a correction and linked it to the rapid rise of the price of digital gold.

“You can look at my tweets from March and February, where it says: ‘We are in for a crash and a correction.’ I predicted $30,000. Bitcoin is like spring — we are stretching it too far and using a lot of leverage“, Mashinsky explained.

Mashinsky added that Elon Musk with his tweets does not help the crypto industry, but rather manipulates the market. He also called the head of Tesla “a tourist” in the world of digital assets.

“If the richest man in the world is willing to swap a Tesla for Bitcoin, you should ask who will strike a good deal? The moment you buy Tesla, it will be worth less than you paid for it, but Bitcoin will continue to rise in price. So that transaction benefits Elon, but not you,” Mashinsky noted.

In June, Celsius Network announced an investment of more than $200 million in Bitcoin mining in North America.

Earlier, Robert Kiyosaki, the author of Rich Dad Poor Dad, and entrepreneur, predicted ‘the biggest crash in world history’ and forecast that the price of the first cryptocurrency would fall to $24,000.

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