Analyst Brazhnikov predicted the bitcoin exchange rate to grow to 100 thousand dollars by 2025the bitcoin exchange rate:
Tesla’s sale of 75 percent of its bitcoin portfolio will not affect the price of cryptocurrencies, according to Alexander Brazhnikov, executive director of the Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (RAKIB). In conversation with the “Tape.
The impact of the Tesla sale American electric car manufacturer Tesla has sold 75 percent of its bitcoin portfolio for almost a billion dollars.
The company’s CEO, Elon Musk, said that the sale was made due to concerns about the company’s overall liquidity. He added that in the future the company is ready to increase bitcoin reserves and urged not to perceive the sale of cryptocurrencies as “some kind of sentence to bitcoin.”
Mr. Elon Musk is very good at playing to the audience. And he does all these actions for a reason, but with the intention of enriching himself somewhere. So here pragmatism in earning money Alexander Brazhnikov, Executive Director of RAKIB, “The sale of 75 percent of the bitcoin portfolio by Elon Musk’s company did not greatly affect the fall of the cryptocurrency.
A slight drop was observed, but bitcoin will recoup,” says Brazhnikov.
Forecast until 2025, the Executive Director of RAKIB recalled that earlier bitcoin fell below $ 18,000, but grew back to $ 23,000.
“Today bitcoin costs $22,800. According to forecasts, this year there will be a rally in the range of 20-30 thousand dollars. Next year, everyone is waiting for a promotion. In April 2024, according to forecasts, bitcoin will begin to grow and in the same year it will reach somewhere up to 100 thousand dollars. At least, this is shown by the entire history of the existence of cryptocurrencies, which is currently happening in the world,” he predicted.
It’s like the turns of the economy — the same thing here, Alexander Brazhnikov, Executive Director of the Law Adoption in Russiabrazhnikov noted that the crypto world reacts strongly to all political movements, and added that for this reason everyone expects the adoption of a law in Russia on digital currencies.
“I think when it is adopted, a lot of interesting things will happen. Cryptocurrencies are currencies that are very volatile. If Russia adopts a law that cryptocurrency can be a means of payment in external activities, it will give a big boost to the development of digital cryptocurrency institutions. Which, in turn, will give an impetus to an increase in the price of cryptocurrencies around the world,” he concluded.
In March 2021, Tesla announced that it had invested $ 1.5 billion in bitcoins, and then for a while began accepting them as payment for purchases. However, in May of the same year, Elon Musk abandoned this decision due to the negative impact of mining on the environment. Later, the entrepreneur said that the company would resume accepting cryptocurrency payments only when half of all digital assets would be produced on the basis of renewable energy sources (RES).
On June 18, bitcoin reached its lowest since the end of 2020 — its fall was below 18 thousand dollars. The exchange rate of the largest cryptocurrency fell by 15 percent to $ 17,599.