According to Hong Fang – CEO of the US cryptocurrency exchange OKCoin – the price of bitcoin could exceed $100 thousand. However, there are a lot of items to play in the short term, which means the asset may not hit the main stage any time soon, she added.
Bitcoin at $100,000 is ‘reasonable’
Despite the recent drop in bitcoin prices and the volatile nature, the number of individuals who envision the cryptocurrency at a future price of $100,000 is increasing daily. The CEO of OKCoin – Hong Fang – is the newest member of the club.
lately interview As for CNBC, the CEO opined that the BTC network “has no protocol risks.” As such, it is “extremely optimistic” about the asset and believes it could surpass the $100k price level. This potential increase may not happen in the short term, although there are several market factors affecting the cryptocurrency at the moment, as she explained:
“In the medium and long term, I still believe that getting $100,000 – or even a higher price – should not be a problem. The timing may be a bit off as we are at the mercy of market dynamics.”
In addition, Fang gave her two cents on non-fungible tokens. Similar to other NFT proponents, such as Kevin O’Leary of Shark Tank and Cuy Sheffield of Visa, you think they have a lot of potential. Fang also compared the NFT hype of the past 12 months to the DeFi craze in 2020.
However, I cautioned that delving into the world of non-fungible tokens is not for everyone because it is still in its early days:
“It’s too early so it’s not for everyone. You have to do your homework before you put your money into it.”
ATH but not $100k
Earlier this week, Guido Buehler – CEO of Swiss bank SEBA – gave another bullish forecast for the price of Bitcoin. The CEO believes that institutional investments will push the US dollar value of assets up to $75,000.
Pascal Gautier, CEO of crypto wallet Ledger, agreed with Buehler. In his view, investors trust Bitcoin “more and more, and people are going to push the price up.”
In turn, Nikolaos Panegirzooglu – a strategist at JPMorgan Chase & Co – recently opined that the “fair price” of bitcoin is between $35,000 and $73,000. He believes it could reach the higher number if investors start switching from gold to bitcoin.
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