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This is component 1 of 2 of the full meeting.
Alex Mashinsky, Chief Executive Officer of Celsius Network, is updating his Bitcoin cost target.
" We may reach completely to $160,000 this year. I'm adhering to that prediction," Mashinsky informed Michelle Makori, editor-in-chief of Kitco News ()
El Salvador made history by being the initial country worldwide to embrace Bitcoin as legal tender, as well as other countries are bound to comply with, Mashinsky claimed.
" So if we can get a Brazil, if we can obtain a Nigeria, if we can obtain nations with big populaces to approve this as lawful tender … you're visiting a significant surge in the price because just the adoption of all those customers is mosting likely to produce significant new need," he claimed.
Follow Michelle Makori on Twitter @MichelleMakori ().
0:00 – Bitcoin as legal tender 3:42 – Bitcoin: property or cryptocurrency?
9:02 – Bitcoin rate growth
19:00 – Elon Musk's Bitcoin concerns
25:00 – Renewable resource
26:30 – Elizabeth Warren vs. Bitcoin
33:47 – Bitcoin ransomware
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Bitcoin price to soar to $160k as FOMO drives EM adoption, Musk's influence wanes - Alex Mashinsky
This is part 1 of 2 of the full interview.
Alex Mashinsky, CEO of Celsius Network, is upgrading his Bitcoin price target.
“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 (https://twitter.com/MichelleMakori).
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.
Follow Michelle Makori on Twitter @MichelleMakori (https://twitter.com/MichelleMakori)
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
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
