Alex Mashinsky, CEO of the centralized financial platform Celsius Network says the flagshipCryptocurrency and gold could go up in the next year.
Mashinsky said in a Kitco News interview that fiscal and monetary policy in the US Bitcoin (BTC) and gold will boost in 2022 as the money supply grows and the devaluation of the fiat currency increases.
“She [the U.S. Department of the Treasury and the Federal Reserve Bank] are going to keep rising and because of this, both Bitcoin and gold are actually going to tear much higher sooner or later because people are basically going to understand that they will be taxed and then devalued, you know.
According to the CEO of Celsius Network, Bitcoin could hit six-digit prices in 2022.
“So I expect Bitcoin to go higher again next year, $ 140,000 to $ 160,000. I expect gold to rise much higher than $ 2,000 and stay above that level when people realize that these are the only two assets that are not tied to the mothership, the dollar. “
Mashinsky says, however, that Bitcoin and Gold could fall first before they settle due to the efforts of the Federal Reserve Bank, the inflation fight and reduce asset purchases, recover.
“If inflation continues to rise, we will see that the Fed is really blocking its horns on inflation and trying to put it back in Pandora’s box. I think we’ll see asset classes like Bitcoin and Gold actually drop in value first.
And then they can recover and climb higher. But I think everything will take a hit at first if tapering and interest rates go up. “
Bitcoin is trading at $ 49,218 at the time of writing.
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Source: Crypto News Deutsch