Is it any wonder that in the face of the U.S. Department of the Treasury and the Federal Reserve Bank’s recent and ongoing ‘efforts’ and action to address and mitigate the seemingly inevitable inflation we are now experiencing in the U.S., stronger and stronger backing is being voiced in validating gold, and now bitcoin, as practical safe havens for assets?
Celsius Network CEO Alex Mashinski expressed his support and price predictions for both gold and bitcoin (cryptocurrency), in a recent Kitco News interview prior to the new year.
Mashinsky, Head of centralized finance platform Celsius Network, is saying that the flagship cryptocurrency and gold could surge next year.
Mashinsky says in a Kitco News interview that fiscal and monetary policies in the US will boost Bitcoin (BTC) and gold in 2022 as the money supply grows and fiat currency debasement intensifies.
“They [the U.S. Department of the Treasury and the Federal Reserve Bank] are going to continue to reflate and because of that sooner or later, both Bitcoin and gold are actually going to rip much higher because basically, people will understand that they’re getting taxed and then debased, you know.”
According to the Celsius Network CEO, Bitcoin could more hit a six-figure price in 2022.
“So Bitcoin, I expect it to rip higher again, $140,000 to $160,000 next year. I expect gold to go much higher than $2,000 and stay above those levels when people realize that those are the real only two assets that are not connected to the mother ship which is the dollar.”
Mashinsky says that Bitcoin and gold could, however, fall first before rallying due to the Federal Reserve Bank’s efforts to fight inflation and drawdown asset purchases.
“If we’re seeing inflation continue to rise, we’re seeing the Fed really locking the horns with inflation, trying to put it back in Pandora’s box, I think we’re going to see asset classes including Bitcoin and gold actually take a hit first.”
And then they may recover and go higher. But I think everything is going to take a hit first if tapering and the interest rates are going to rise.”
[Bitcoin is trading at $49,218 at time of writing.]
Check Price Action
-Via this site: Celsius CEO Alex Mashinsky Supports Gold and Bitcoin Price Soar Predictions into Year 2022
+Follow CelsiusCow on: Twitter, Instagram, Pinterest, Facebook, FB Groups, TikTok, Crunchbase, and LinkedIn
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions. CelsiusCow.com does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is CelsiusCow.com an investment advisor. Please note that CelsiusCow.com participates in affiliate marketing.
*Trending Article #1: “Why the Crypto Market is Going Down and Crashing 2021-2022; Will Crypto Recover?“
*Trending Article #2: “Celsius Price Surges 15% with Blockchain Fest’s Crowning as ‘The Best CeFi Crypto Lending Platform of 2021’ Award“
[YouTube Video Intro for the The Digerati Premium’s “Gold IRA Investments Reviews“]
