4 Jan 2022
World’s Largest Lending Institution, Nexo Targets Bitcoin at $100K by mid-2022
The Index Today
Co-founder and managing partner of Nexo, Antoni Trenchev, said that Bitcoin (BTC) could hit the $100,000 milestone as soon as the summer in an interview with CNBC.
Despite BTC opening the year with bearish price action, while the Fear & Greed Index shows “extreme fear,” the Bulgarian business mogul set the record straight: “Every time that investors and the broader community write off Bitcoin, it outperforms significantly. This has been the case in 2020 when it rallied close to 1,000% and in 2021 where it rallied 63%. I’m quite bullish on Bitcoin.”
As one of the world’s largest lending institutions in the digital finance industry, Nexo is aware to the insights from serving 2.5 million users across 200 jurisdictions. As a competitor to platforms such as BlockFi and Celsius, it has recently become one of the first crypto lenders to allow customers to borrow stablecoins, Ether (ETH) and other cryptocurrencies using nonfungible tokens as collateral, Cointelegraph news reported.