Messari CEO: Bitcoin Will Hit $100K

Reading Time: < 1 minute

Ryan Selkis, the founder and CEO of the analytical company Messari, has predicted that Bitcoin’s price would reach $100,000 within 12 months.

He believes that Bitcoin is a safe investment in light of the issues currently facing the US economy.

Selkis believes institutions are accumulating coins faster than federal regulators can step in and intervene in the digital asset sector.

He has added that the goal is to “thread the needle” and enable large companies to buy and protect the asset. The closure of cryptocurrency-friendly banks SVB and Signature Bank has only increased the momentum of the US government’s quantitative easing policy.

Selkis has previously criticized the US Securities and Exchange Commission for refusing to convert Grayscale Investments’ Bitcoin trust into an exchange-traded fund.