Bitcoin price is in a state of crash and depression. There are oscillating waves of bull and bear. However, the interest from institutional investors and hopes for a greater bull run uptrend has been a topic of discussion for many high stake investors. The same can be said about Alex Mashnisky. As the CEO of a United Kingdom-based crypto enterprise, he spoke at the 2021 Bitcoin conference.
He exclaimed that the recent downfall of Bitcoin was already predicted in his tweets. As per him, for the serious and professional investors, the current downfall of Bitcoin is not a surprise or unexpected event. While talking to the crypto-journalist recently, he claimed that the flagship cryptocurrency has the potential to get to the price mark of closer to $160,000.
According to Mashnisky, Tesla CEO Elon Musk is Manipulating the Crypto Market
Talking about the controversial topic of Tesla and the crypto relationship going sour, Mashnisky claimed that there is much to be debated about the events. He claimed that the richest man on the planet could spare a few Teslas for a Bitcoin. However, in this transaction, it is the investor who loses.
In his opinion, as soon as a buyer acquires a Tesla against Bitcoin, they are left with a depreciating asset. On the other hand, they lose an asset class that is continuously growing in value. He claimed that Bitcoin would pronounce that such a scheme would be a great option for the trader to ascertain that what they are losing by comparison. He further added that it would be a great idea for the investors to consider that what they were losing and what they were gaining.
Celsius is Planning to Transfer its Business Operations from the United Kingdom to the United States of America
Celsius is a DeFi cryptocurrency platform that is led under the supervision of Alex Mashinsky. The CEO told a reporter that the crypto enterprise would soon be folding operations in the UK and traveling to the USA. The decision was made considering the increasing discomfort around cryptocurrencies in the United Kingdom and the impending danger of government regulation or geopolitical ban on cryptocurrency.
The news was also confirmed by Roni Cohen Pavon, CRO at Celsius. Pavon further added that the new company would operate as a Limited Liability Company or LLC in the given region. There would be no changes in the services offered by the enterprise. The Celsius Network Limited already has an office in the United States since 2019.