OKCoin CEO Describes Bitcoin’s $100,000 Price as ‘No Problem’ » Crypto Insiders

The CEO of major cryptocurrency exchange OKCoin, Hong Fang, recently launched a file Interview with CNBC She indicated that she expects Bitcoin (BTC) It could increase significantly in the future. Although the price of the largest cryptocurrency is currently falling, Hong expects a price of $100,000 to be entirely possible.

$100,000 per bitcoin

Fang assumes that sooner or later bitcoin will break the $100,000 magic barrier. To achieve this, the current The basics The Bitcoin network must be maintained without major changes.

In addition, she admits, it is very difficult to predict exactly when Bitcoin will reach this price point. Because of the high volatility in encryption The markets and the fact that more and more aggressive competitors for Bitcoin are appearing on the market, it is practically impossible to correlate the date with the possible price of $100,000.

“I still think the $100,000 price point is reasonable, but the timing may be a bit off as we are left with market dynamics. […] The flip side is that there are a lot of assets competing for capital within the cryptocurrency ecosystem. There are a lot of things that happen in the short term, but in the long term I still think that $100,000, or even higher, shouldn’t be a problem. “

bullish predictions

Fang isn’t exactly the only analyst who has such a rising Point of view. Many analysts and institutions are predicting that Bitcoin is likely to reach the $100,000 level in the coming years.

American investment bank Goldman Sachs They recently announced that they expect such a price for bitcoin if bitcoin is able to take some market share from gold.

Also a Bloomberg Analyst Mike McGlone He has been advocating for some time that in 2022 Bitcoin could finally reach a six-digit price.