Author: The News Desk

Bitcoin could hit $100,000 within a year, the CEO of crypto lending firm Nexo has predicted. Antoni Trenchev told CNBC he thinks the world’s biggest cryptocurrency can surge above $100,000 “within 12 months.” He said he’s “worried” about bitcoin’s short-term prospects, suggesting it may fall in tandem with traditional financial markets as the Federal Reserve starts unwinding its massive monetary stimulus program. But that may, in turn, “give further impetus to crypto,” he added, as a “crash” in stocks would likely mean the U.S. central bank eventually goes “back to easing in no time.” If Trenchev’s forecast is correct, that would…

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