BitMEX CEO Alex Hoptner said Bitcoin could reach $100K
In the CEO’s opinion, the increasing adoption of BTC by countries will further inflence growth in its value.
Alex Hoptner, the CEO of P2P crypto-products trading platform BitMEX has predicted that the price of Bitcoin could reach $100k per coin. Hoptner expressed his bullish stance on Bitcoin and other cryptocurrencies in a recent interview with CNBC. The interview was held as BitMEX teamed up with AC Milan as its first-ever sleeve partner.
BitMEX CEO: Bitcoin and other cryptos could be the next financing for soccer teams
In the interview, Hoptner stated that crypto firms could emerge as the “next financing means” for soccer clubs. He added that “tokenization of assets is a big thing going forward” as a substitute financing means for soccer clubs. Speaking further, the CEO said that asset tokenization would also build a closer relationship between soccer clubs and their fans. Hoptner said:
Tokenization of assets is a big thing going forward, as we see in the NFT space. Being in the middle of mass market retail movement, crypto firms can actually be in the next financing means for these clubs.
According to the BitMEX CEO, fans of mass football clubs have a great interest in tokens. Hence, this will influence further support for the teams.
While speaking on crypto regulation and the stance of some countries regarding Bitcoin and other altcoins, the BitMEX executive said that both retailers and the government are adopting crypto on a large scale. He referred to the case of El Salvador, which recently celebrated its one-month Bitcoin anniversary. The country made history as the first country to legalize Bitcoin as a legal tender. Under the leadership of president Nayib Bukele, El Salvador continues to support Bitcoin adoption, especially as the country began Bitcoin mining. Bukele revealed that El Salvador had commenced Bitcoin mining using Volcanic energy. This is despite the fact that the testing and installation phase is currently going on.
Hoptner says the government has almost no control over crypto
In his opinion, Hoptner believes that the government has almost no control over the crypto market. He added that it was “up to the industry to support the regulators.”
The CEO was confident that the continuous growth surrounding Bitcoin will continue to influence the price:
This year, we’ve seen tremendous growth in the direction of Bitcoin and I see a lot of possibilities for Bitcoin to reach $100,000 with countries adopting it (as legal tender) with market movement, with a combination of sports and crypto, I see a high chance to reach that level.
Polynesian, an island country officially called the Kingdom of Tonga, seeks to follow El Salvador’s Bitcoin strategy. A Lord Member of Parliament for Niuas in the Parliament of the Kingdom of Tonga, Lord Fusitu’a referred to Bitcoin as the first truly global natively open monetary system. According to Fusitu’a, Bitcoin will impact the nation’s economy.
Currently up 0.26 percent, Bitcoin is trading at $54,313. Also, the top cryptocurrency has shed over 8 percent in its trading volume over the past 24 hours.
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