Chief executive officer and co-founder of centralized cryptocurrency lending platform Celsius, Alex Mashinsky says highs for Bitcoin are yet to be seen this year. Mashinsky told Cointelegraph at Bitcoin 2021 event in Miami that he sees Bitcoin reaching $160,000 before the year runs out.
Mashinsky further remarked that a correction was expected for the crypto market after Bitcoin rallied to its recent all-time high of over $63,000:
“When you go too high, too fast, you are bound for a correction. You can see my tweets in both March and February saying ‘we’re going to have a crash, we’re going to have a correction.’ I predicted $30,000. Bitcoin is like a spring – we stretch it too much and we put too much leverage. Too many people got greedy.”
While discussing the price of Bitcoin, Mashinsky commented on Elon Musk’s recent involvement with Crypto. According to Mashinsky, Musk is not helping the crypto community, but rather manipulating the market. As such, he noted that Musk is simply a “tourist” in the land of crypto.