Elon Musk said that Szabo might be responsible for the evolution of the ideas behind Bitcoin more than anyone else. Brock Pierce believes that inflation due to excessive fiat money printing will boost the price of BTC.
Elon Musk recently said that he believes that the anonymous creator of Bitcoin is a renowned computer scientist. The billionaire businessman thought of none other than Nick Szabo, a researcher on contracts and digital currencies.
He argued that Szabo could observe the evolution of ideas before the launch of Bitcoin and know who wrote them. Furthermore, he stated that the scientist could be responsible for the growth of those ideas more than anyone else.
Musk noted that Szabo claimed not to be Satoshi Nakamoto, but he said he was not sure that it was so. The CEO of Tesla highlighted that the computer scientist seems to be the person most responsible for the ideas behind Bitcoin.
Interestingly, developer Sahil Gupta, who worked for SpaceX and Tesla Motors, expressed that Musk is the creator of Bitcoin. He said that the entrepreneur had the resources, knowledge, and motivation to do so.
Bitcoin Price Could Break Through the USD 200,000 Mark
Cryptocurrency enthusiast Brock Pierce, co-founder of Block.One, recently spoke about the current inflation due to the over-printing of fiat money. He considers that to be the main driver of the rise in the price of the pioneering cryptocurrency.
He stated that he would not be surprised if the price of Bitcoin reached more than USD 100,000. Besides, he predicted that it could break through the USD 200,000 barrier for a moment.
The businessman added that Bitcoin could not protect against traditional assets due to its volatility and incomplete regulation. However, he believes that it is still an attractive investment, as it has a high return compared to gold and real estate.
Katie Stockton Says the Bullish Behavior of Bitcoin Will Continue
Katie Stockton, Founder and Managing Partner at Fairlead Strategies, recently expressed they were optimistic about Bitcoin in the long term. She explained that they rely on long-term trend-following indicators to say that.
Stockton added that the long-term upward trend could continue, and a more decisive breakout would indicate a price of about USD 90,000. At the moment, she considers that the correction phase remains, although there are signs of downward exhaustion in the short term.
The Policies from the Fed Will Boost Bitcoin and Other Cryptocurrencies
Antoni Trenchev, Co-Founder and Managing Partner at Nexo, said the primary driver for cryptocurrencies would be the policies from the central bank. He believes that low-interest rates, which impact crypto assets, are here to stay. He predicted that the Fed would not withstand a 10-20% collapse in the stock market.
The executive pointed out that the enormous potential of the Metaverse excites him most about 2022. In addition, he commented that it would be one of the general topics, besides the construction of the digital infrastructure and NFTs, which will be part of the economy.
Trenchev predicted that 2022 will be a hectic year and that Bitcoin will hit USD 100,000 by the end of June. Also, he does not expect tokens like Solana and Avalanche to produce returns as high as in 2021.
By Alexander Salazar
