Messari's CEO explains what Bitcoin could drive up to $ 100,000 in a year

Messari's CEO explains what Bitcoin could drive up to $ 100,000 in a year

Ryan Selkis-CEO of the Messari crypto secret service-believes that there will be other negative events in the financial world in the near future, including Bank Crashs.

He sees Bitcoin as a "lifeguard island and peaceful exit option" in the middle of the catastrophe and predicts that his price could increase to $ 100,000 in the next twelve months.

What does the future have in store?

in a recent tweeting Selkis shared his vision regarding the future state of the financial world and how these possible factors could influence Bitcoin.

He believes that the continued banking crisis is far from over, and predicts further breakdowns in the coming weeks. Silvergate Capital, Silicon Valley Bank and Signature Bank are among those that have recently been closed by the supervisory authorities. The SVB - before its collapse of one of the 20 largest financial institutions in the United States - applied for creditor protection according to Chapter 11 on March 17th.

Selkis predicted that the Federal Reserve will soon stop the interest rate increases and will concentrate on other monetary policy instruments such as quantitative Easing (QE) to combat inflation. His decision must still be announced on March 22nd

QE is another policy that could enforce central banks to reduce the inflation rates. It allows you to buy government bonds and other financial instruments such as Mortgage Backed Securities (MBS) in order to improve the stalling economic activity. Interestingly, the method is typically used when interest rates are close to zero and not if they are record values such as the 4.75 % in the USA.

Bitcoins reaction

The CEO of Messari believes that all of these events would trigger a price increase for Bitcoin and could increase it at $ 100,000 next year. In it he sees a lifeboat and a "peaceful exit option" of all the turbulence that currently shake the financial system. According to him, reaching this milestone could become a reality as soon as institutions can join the BTC ecosystem and stay there:

"But the key is to thread the needle so that institutions can buy and defend them at our side."

Some crypto participants believe that the leading digital asset has already started a bull run since its evaluation during the banking crisis in the United States has increased significantly. Finally, it was created in the middle of another severe currency crash - which in 2008 - and is said to be an alternative to the cracks of centralized financial institutions.

While the savings of the people who are in institutions could be exploited due to a bankruptcy or another undesirable event, the decentralized nature of Bitcoin avoids this problem (especially if the supply is kept in a cold wallet).

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