Reading time: ~2 m
According to the executive director of the American cryptocurrency exchange OKCoin Hong Fan, the price of bitcoin may exceed $100,000. However, there are many factors that in the short term will prevent the achievement of this goal soon.
Despite the uneven movement of the price of bitcoin and its volatility, the number of people predicting the future price of cryptocurrency at $ 100,000 is growing every day.
The top manager expressed the opinion that the BTC network “has no protocol risks”, this is the reason for her optimistic approach to its price prospects. In her opinion, bitcoin is unlikely to make a breakthrough in the very near future:
In the medium to long term, I still think $100,000 or more will not be a problem… as long as we are at the mercy of market dynamics.
It will be reasonable for bitcoin to reach $100,000, @hfangca, CEO of @Okcoin tells CNBC. pic.twitter.com/7wejcp6m5R
— CNBC International (@CNBCi) January 12, 2022
In addition, Fan spoke out about non-fungible tokens, believing that they have great potential. She compared the NFT hype over the past 12 months to the DeFi craze in 2020.
However, she made a reservation that not everyone should dive into the NFT universe, in addition, this space is still in its infancy:
It’s too early now, it’s not for everyone. You have to weigh everything before investing your money in it.
#bitcoin #price #reach