Catherine Coley, CEO of major crypto exchange Binance’s U.S. arm, sees the current Bitcoin bull run as a sign the crypto asset could reach a price up to $100,000.
Speaking to news outlet KLTA yesterday, Coley said the recent rally in the price of Bitcoin (BTC) — moving from $19,000 to more than $34,000 in less than a month — may be due to a surge in the number of institutional investors taking an interest in the crypto asset. She added that the crypto space could be seeing an “accelerated” rally based on what happened prior to the 2017 bull run, in which the BTC price surged more than a year after the rewards halving in July 2016.
“Where maybe we thought maybe $50,000 made sense, this number is definitely going to be a little bit higher than that in my opinion,” said Coley. “I think we’re going towards $75,000 to $100,000 for Bitcoin by the end of 2021.”
The Binance.US CEO is not alone in her bullish predictions for the coming year. Dan Held, crypto exchange Kraken’s growth lead, has been saying since last year that Bitcoin could be entering a “supercycle” in 2021 eventually driving the price to $1,000,000. In a video posted to his YouTube channel last week, Held predicted the price of Bitcoin would move much more than a “100x increase” based on increasing adoption of the crypto asset.
— Financial Times (@FinancialTimes) January 3, 2021
At the time of publication, the price of Bitcoin is $33,410, having risen 4% in the last 24 hours.
News source CoinTelegraph.com
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Something new from the @GuardaWallet
team! A beautiful new Expanse Explorer https://expexplorer.guarda.co It comes with every bell and whistles you could imagine. It's a great companion product to go with their wonderful wallet. We are very grateful for their contributions to expanse.
Block explorer going in maintenance mode for another hr ish.
The Explorer Node is traditionally an archive node so it might take roughly 3 hours to sync. Ty for you patience.
Quick Update: The expanse explorer server got upgraded today. EggSwap Vision should be released next week. The EggSwap team is working on adding DGB Token Bridge as the first one. We are big fans of the DGB project because embodies the ethos of crypto!
What coin would you like see available on EggSwap?
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