Momentum Shift Will Drive Bitcoin (BTC) to $50K in Six Months or Less, Says Nexo

[Lorix]

Bitcoin (BTC) is on track to break its all-time high and hit $50,000 in a matter of months, according to Nexo co-founder and managing partner Antoni Trenchev.

In a new interview during the virtual Block Down conference, Trenchev said his crypto lending platform is witnessing double-digit percentage growth rates month-on-month, with a wide range of both institutional and retail investors jumping in. He believes a significant increase in institutional participation in the crypto markets will power a new bull run.
More info: https://dailyhodl.com/2020/07/06/momentum-shift-driving-bitcoin-btc-to-50k-in-six-months-or-less-says-antoni-trenchev/