In the next 12 months, the price of the first cryptocurrency could rise above $100,000. Such an estimate was given by Nexo CEO Antoni Trenchev in an interview with CNBC.

The head of the crypto lending platform stated that he is “concerned” about the short-term prospects for bitcoin. According to him, in case of expansion, the rate may decrease along with traditional financial markets. fed monetary incentive programs

In January 2020, Trenchev stated that the cryptocurrency would “easily reach” $50,000 by the end of the year. Then he remembered that everyone was laughing at him.

The forecast did not come true – the price of digital gold only reached the mark set in February 2021.

Bitfinex CTO Paolo Ardoino believes bitcoin will be “much higher” than $50,000 by the end of 2022. But it does acknowledge a sharp price drop in the near future.

“We are currently living in conditions of global uncertainty in markets, not just cryptocurrencies, but stocks,” Ardoino said.

According to a ForkLog report, the correlation between Bitcoin and the US stock market increased in March. According to the S&P 500, the indicator reached 0.48, and for the DOW index – 0.39.

In April, the statistical correlation between digital gold prices and the Nasdaq 100 hit an all-time high.

Recall that Arthur Hayes, co-founder of the BitMEX exchange, expected Bitcoin to drop to $30,000 at the end of the second quarter due to the drop in the Nasdaq 100.