The founder and CEO of the analytical company Messari, Ryan Selkis, predicted the growth of the first cryptocurrency to $100,000 within 12 months.
My rough prediction for the next twelve months:
1. More bank failures in the next couple of weeks.
2. Fed cuts / QE is back!
3. BTC climbs, sustained moderate inflation.
4. “Outside Money” / “Sound Money” -> $100k / BTC.
5. Institutions buy faster than Feds can shut down.game.
— Ryan Selkis 🥷 (@twobitidiot) March 17, 2023
In his opinion, bitcoin is a safe investment against the backdrop of problems in the US economy. Selkis added that institutions are accumulating coins faster than federal regulators can intervene in the digital asset sector.
This is an optimistic bet on the future, as BTC is treated as a life raft and peaceful exit option.
But the key is threading the needle so institutions can buy it and defend it alongside of us.
Best case scenario right now.
— Ryan Selkis 🥷 (@twobitidiot) March 17, 2023
“This is an optimistic bet for the future as bitcoin is seen as a life raft and an option for a peaceful outcome. But the main idea is to thread the needle, that is, to enable large companies to buy and protect the asset with us,” he explained.
Against the backdrop of the closure of crypto-friendly banks SVB and Signature Bank, the head of Messari noted that the authorities’ policy of quantitative easing is gaining momentum.
In August 2022, Selkis criticized the US Securities and Exchange Commission for refusing to convert Grayscale Investments bitcoin trust into an exchange-traded fund. In his opinion, the chairman of the regulator, Gary Gensler, “does not care about protecting investors, facilitating capital accumulation or ensuring fairness in the markets.”
Recall that in March 2023, the head of Galaxy Digital crypto trading bank Mike Novogratz said that now is the best time to buy the first cryptocurrency as a hedge against economic problems.
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