In 2022, Bitcoin and Ethereum will reach new all-time highs as a result of capital flight from the stock market to cryptocurrencies, while digital gold will become more expensive than $100,000, Celsius Network CEO Alex Mashinsky said in an interview with Kitco News.
According to the top manager, bitcoin began to behave as a protective asset, so he redistributes his savings from stocks to digital gold.
Against the background of the isolation of the ninth largest economy – Russia – the situation in the whole world is deteriorating, Mashinsky noted. According to his forecasts, in 2023, US GDP growth will turn negative, and the Fed will be powerless.
In a crisis, cryptocurrencies “should show themselves well,” the CEO of Celsius Network is convinced. The specialist is waiting for the flow of funds from the traditional market into digital assets. “Bridges” like the protocol developed by his team can help with this.
Recall that Elon Musk announced the hodling of cryptocurrencies in anticipation of rising inflation.
Earlier, the founder and CEO of the BTC.TOP pool, Jiang Zhuer, called the disconnection of Russian banks from SWIFT and other financial sanctions against the Russian Federation a positive factor for digital assets.
Tech analyst and head of Factor LLC Peter Brandt predicted that Bitcoin would return to a bull market in May 2024.
Galaxy Digital founder Mike Novogratz has warned that digital gold will “take off again” once the Fed takes a break from tightening monetary policy.