BTC and ETH will break all-time highs in 2022 — Celsius CEO
During the recent Paris Blockchain Week Summit, Cointelegraph's Joseph Hall sat down with Alex Mashinsky, CEO of Celsius Network, to talk about several topics, including where the Bitcoin and Ether markets are going.
According to Mashinsky, Bitcoin (BTC) received very strong support at around $30,000 to $33,000. The entrepreneur believes that Terra’s recent BTC purchase played a significant role in supporting BTC’s price, along with other institutions entering the market. He also mentioned that if retail investors join in, it may lead BTC to new highs.
On the other hand, Mashinsky also recognized that there are some “clouds in the sky.” According to the Celsius CEO, if Russia continues its attacks on Ukraine, the pressure will be felt by public markets. Apart from this, he also noted that actions from the United States Federal Reserve may also lead to a negative turnout.
Despite the hurdles, Mashinsky is confident that both Bitcoin and Ether (ETH) will reach new all-time highs in 2022. He explained that:
Related: Blockchain.com co-founder thinks the EU and UK are ‘progressive’ crypto regulators
Apart from price predictions, Hall and Mashinsky also talked about other topics such as the conversations surrounding decentralized finance and centralized finance. Commenting on Vitalik Buterin’s notions on the crypto space needing semi-centralized solutions, Mashinsky said:
Lastly, the entrepreneur shared a simple trading strategy. According to him, if someone buys BTC and can’t sleep, “That means you have too much Bitcoin.” However, if one buys BTC and sleeps like a baby, they don’t have enough Bitcoin. “Find that sweet, sweet spot and just stick with it,” he said.
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