Bitcoin will Hit $100,000 in June 2022.

Bulgarian businessman, Antoni Trenchev has predicted that Bitcoin (BTC) could hit the $100,000 milestone as soon as this June in an interview with CNBC.

Even as BTC opened the year with bearish price action. The Nexo’s co-founder and managing partner is bullish about bitcoin, according to him, “Every time that investors and the broader community write off Bitcoin, it outperforms significantly. This has been the case in 2020 when it rallied close to 1,000% and in 2021 where it rallied 63%. I’m quite bullish on Bitcoin.”

Nexo is one of the world’s largest lending institutions in the digital finance industry. 

Trenchev said continued by saying that access to “cheap money” and institutions filling their bags with cryptocurrencies will propel Bitcoin over the $100,000 wall.

Evidence suggests that institutional adoption is brewing. In December, Fidelity Investments partnered with Nexo to offer crypto custodial services, products, and lending services for institutional investors.