Bitcoin (BTC) can "very easily" striking $50,000 during 2022, the CEO of one cryptocurrency industry business concern has told mainstream media.

In an interview with Bloomberg in Berlin on Jan. 3, Antoni Trenchev, head of Bitcoin lending platform Nexo.io, said Bitcoin price growth since its inception was almost different anything ever seen.

Trenchev: Bitcoin is an "incredible asset"

"It's been an incredible asset uncorrelated to the overall market place," he told the network.

Trenchev added Bitcoin'due south journey to up to $twenty,000 was reminiscent of German hyperinflation after the First Earth War:

"It delivers systematic asymmetric returns and the only matter that we have seen shut to anything like this has been the rising of the Us dollar against the (German papiermark) in the 1920s[.]"

Asked how much higher BTC/USD could go this twelvemonth, Trenchev predicted $l,000, in line with CNBC host Joe Kernen, who last July said the pair would striking $55,000 around the time of Bitcoin'south May 2022 cake reward halving.

BTC cracks $7.3K on Islamic republic of iran dubiety

Trenchev's comments came every bit Bitcoin began edging up confronting the dollar on Friday. Despite a raft of recent warnings that downwards price activeness would continue, BTC/USD delivered 24-60 minutes gains of ii.5% and at press time had cleaved $vii,300.

As Cointelegraph reported, the action followed renewed geopolitical uncertainty after the U.South. President Donald Trump ordered an assail, which killed a senior Iranian general in the Iraqi capital, Baghdad.

Longer-term, still, analysts still envisage Bitcoin going lower in Q1 earlier reversing upwards. The halving, long-awaited by many investors, should catalyze the bullish U-plow, they say.