Celsius Network CEO Alex Mashinsky shared his views on the Bitcoin and Ethereum market at the Paris Blockchain Weekly Summit. The statements of the CEO of the company providing crypto financial services continue in our news…
Mashinsky shared his Bitcoin and ETH predictions
In an interview during the last Paris Blockchain Weekly Summit, Celsius Network CEO Alex Mashinsky Bitcoin, the leading cryptocurrency, has received very strong support around $30,000 to $33,000. The entrepreneur believes that Terra’s recent BTC purchase, along with other institutions entering the market, played an important role in supporting the BTC price. The famous CEO also stated that if individual investors participate, he can take BTC to new heights. Mashinsky also states:
I think the demand for BTC is definitely here. Therefore, I don’t think we will be visiting previous falls again.
Alex Mashinsky, the CEO of the famous crypto finance company, also does not ignore that there are some problems in the market. According to Celsius CEO, if Russia continues its attacks on Ukraine, the pressure will be felt by the public markets. Apart from this, he notes that the actions of the US Federal Reserve (FED) may also lead to a negative participation in terms of Bitcoin and Etheruem.
Celcius CEO comments on Buterin’s approach to DeFi
Despite the hurdles, Mashinsky states that he is confident that both Bitcoin and Ethereum will hit all-time highs in 2022. Stating that it will take longer to reach new highs, Celsius CEO still expects $ 60,000 in Bitcoin and $ 4,500 in Ethereum to break this year. Mashinsky also commented on DeFi and CeFi in his interview. Commenting on Vitalik Buterin’s ideas for the crypto space that needs semi-centralized solutions, Mashinsky states:
Basically he says, look, we don’t have to be 100 percent DeFi. CeFi and DeFi are two sides of the same coin. Sometimes you need CeFi, sometimes you need DeFi, and Celsius does it every day.
Finally, the entrepreneur, whose views we follow closely as Kriptokoin.com, shared a simple trading strategy in his interview. According to him, if someone is buying BTC and can’t sleep, it means they have too much Bitcoin. However, if someone buys BTC and sleeps comfortably, it means that person does not have enough Bitcoin.
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