Celsius Network CEO forecasts Bitcoin above $100,000 in 2022

In 2022 Bitcoin and Ethereum will hit new all-time highs as capital fled from the stock market into cryptocurrencies, with digital gold exceeding $100,000. This was stated by Celsius Network CEO Alex Mashinsky in an interview with Kitco News.

According to the executive, Bitcoin has begun behaving like a safe-haven asset, so he is reallocating his holdings from equities into digital gold.

“Since the start of the year, the stock market has fallen, but Bitcoin has effectively recovered most of its losses. We see a divergence between cryptocurrencies and the traditional market. This suggests that Bitcoin is becoming a ‘safe haven’. It is time for everyone to go their own way. ФРС США is exerting strong pressure on the economy by raising rates […] and draining liquidity from the market.”, he said.

Against the backdrop of Russia’s isolation as the ninth-largest economy, the global situation is deteriorating, Mashinsky noted. He forecasts US GDP growth to be negative in 2023, and the Fed to be powerless.

In crisis conditions, cryptocurrencies should perform reasonably well, the Celsius Network CEO is convinced. He expects funds to flow from the traditional market into digital assets. Bridges such as the protocol developed by his team could help.

“All assets are inflated—real estate, bonds, stocks—no matter, you can’t hide your money anywhere! Even if you want to buy exchange-traded commodities, prices for most of them are near records. Where are you going to ‘park’ your capital? The best way is to move into an industry not tied to the US dollar — into Bitcoin”, — he explained.

Earlier, Elon Musk said he was hodling cryptocurrencies in anticipation of rising inflation.

Earlier, BTC.TOP founder and CEO Jiang Zhuoer called the exclusion of Russian banks from SWIFT and other financial sanctions against Russia a positive factor for digital assets.

Tech analyst and head of Factor LLC Peter Brandt предсказал the return of Bitcoin to a bull market in May 2024.

Galaxy Digital founder Mike Novogratz warned that digital gold would again take off as soon as the Fed pauses tightening of monetary policy.

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