Nexo CEO Antoni Trenchev has predicted that Bitcoin will hit $100,000 within the next year.
In an interview with CNBC, Trenchev said that he believes Bitcoin still has a lot of upside potential, despite the recent market downturn.
Trenchev also noted that Nexo is currently one of the largest holders of Bitcoin, and that the company is planning to increase its holdings even further.
With Nexo's strong belief in Bitcoin, it is no surprise that the company is planning to launch a crypto credit card shortly. This card will allow users to spend their cryptocurrencies anywhere that accepts Visa or Mastercard.
If Bitcoin does indeed reach $100,000 in the next year, it would mark a massive increase from its current price of around $40,000. However, given the volatile nature of the cryptocurrency market, any predictions should be taken with a grain of salt.