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Bitcoin price to soar to $160k as FOMO drives EM adoption, Musk’s influence wanes – Alex Mashinsky

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This is part 1 of 2 of the full interview.

Alex Mashinsky, CEO of Celsius Network, is upgrading his Bitcoin price target.

On previous Kitco News appearances, Mashinsky had accurately predicted that Bitcoin would retrace $30,000 before climbing back to $70,000. Now, he sees the world’s largest cryptocurrency closing the year by $160,000.

“We may reach all the way to $160,000 this year. I’m sticking to that prediction,” Mashinsky told Michelle Makori, editor-in-chief of Kitco News.

El Salvador made history by being the first country in the world to adopt Bitcoin as legal tender, and other countries are bound to follow, Mashinsky said.

“So if we can get a Brazil, if we can get a Nigeria, if we can get countries with large populations to accept this as legal tender… you’re going to see a huge explosion in the price because just the adoption of all those users is going to create tremendous new demand,” he said.

0:00 – Bitcoin as legal tender
3:42 – Bitcoin: asset or cryptocurrency?
9:02 – Bitcoin price growth
19:00 – Elon Musk’s Bitcoin concerns
25:00 – Renewable energy
26:30 – Elizabeth Warren vs. Bitcoin
33:47 – Bitcoin ransomware
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6 Comments

  1. Ha ha. Watch Elizabeth warrens eyes She is reading a script. How embarrassing for her that she cannot really speak from any real conviction. But reads comments. Written for her by her puppet masters.. she really could do much better………How many dollars did the USA government provide for the wars they have waged .. how many dollars have been used to fund the 90,000 opioid deaths in the USA No Bitcoin deaths as far as I know so far. Why does she not want peace. And freedom for citizens. She wants slavery to perpetuate as long as she has a seat in the ‘big house’

  2. CBS and CNBC have a story about the FBI recovering bitcoin from the Colonial Pipeline ransomware attacker. I thought bitcoin was secure and independent of government. If not then it's just another speculative trading gimmick. And with Tether another levered meltdown.

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