Monobank co-founder believes in BTC price of $ 100,000, and bitcoin volatility shows maxim since April 2020

Co-founder of monobank: Bitcoin isn’t going to disappear

Monobank co-founder Oleg Gorokhovsky owns a large portfolio of bitcoins. The entrepreneur wrote about this on his Facebook page.

“I don’t like to make predictions. But Tesla’s disclosure of investing $1.5 billion in bitcoin finally convinced me that bitcoin was not going to disappear anywhere. I have a fairly large portfolio of bitcoins for a long time and I recommend you to buy it too,” the businessman wrote.

Gorokhovsky also stressed that he shares the most positive forecasts for the value of BTC. He believes that the price of the first cryptocurrency will hit the $100,000 level in 2021 or 2022.

BTC volatility hits its highest level since April 2020

Kraken analysts noticed that the volatility of the first cryptocurrency increased significantly in January. It reached its maximum level since April last year.

The cryptocurrency exchange’s report says bitcoin volatility has reached 106% year=on-year. The highest rate was in April 2020. At the same time, among the five largest cryptocurrencies by capitalization, BTC volatility turned out to be the lowest, except for tether.

According to analysts, the average BTC rate is growing 6% this month, and its volatility is 15% lower than in the previous month. Experts believe that bitcoin will continue to grow.

BlockFi has opened up access to the main cryptocurrency for institutional investors

Custodial service BlockFi has launched a tool that provides institutional investors with access to BTC. BlockFi Bitcoin Trust is an analogue of popular products Grayscale Investments, which manages over $ 33 billion of assets. The company said in a statement:

“Given the level of institutional activity in recent months and demand for new, professional-grade investment vehicles, the timing of BlockFi Bitcoin Trust is ideal,” said Zac Prince, CEO of BlockFi.

Fidelity Digital Assets will be responsible for the storage of crypto assets purchased by the trust. The sponsorship commission of BlockFi Bitcoin Trust will be 1.75%.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store