CEO Diginex predicts Bitcoin will reach $ 175,000 by the end of 2021

CEO Diginex predicts Bitcoin will reach $ 175,000 by the end of 2021


2021-03-23 06:32:12

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Diginex’s chief executive said he was hopeful Bitcoin price will reach $ 175,000 by the end of this year.

Diginex is “a digital asset financial services company focused on the provision of cryptocurrencies and the digital asset ecosystem, to deliver innovative products and public compliance services. Equal and reliable. ” This group “includes the cryptocurrency exchange as well as an OTC trading platform.”

Diginex also “offers Diginex Access integrated trading platform, Diginex Capital securities advisory service, Digivault market leading hot-wallet custodian monitoring company, and Bletchley Park trading fund. Asset Management. ”

Speaking in an interview with Bloomberg on Monday, Diginex Director Richard Byworth said the exchange is modeling a massive bull run for Bitcoin at the end of 2021.

He told:

We are modeling around $ 175,000 for the bitcoin price by the end of the year.

Byworth added his model that predicts the bull cycle is still in its early stages, saying “things are going to get a lot hotter from here.” The CEO cites frustration with the Federal Reserve’s money-printing action as a catalyst for crypto asset prices, saying that the action is pushing investors towards Bitcoin.

Byworth also pointed out Bitcoin’s limited supply due to the May 2020 halving event, alongside the growing participation of institutional investors.

We’re starting to see institutional adoption on an incredibly large level, that you’ve got four companies – MicroStrategy, Tesla, Square and more recently Meitu – that owns 40 percent of the bitcoin supply in just a few months.

The head of Diginex also pushed back that the fact that bitcoin and other blockchain projects allowing users anonymously could cause trouble, saying that “bitcoins are not anonymous and can be tracked very easily.”

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