Celsius Network CEO Alex Mashinsky shared his views on Bitcoin and Ethereum at the Paris Blockchain Week Summit. According to Mashinsky, Bitcoin (BTC) has found very strong support around $30,000 to $33,000. The entrepreneur believes that Terra's recent BTC purchase, along with other institutions entering the market, played an important role in supporting the BTC price. He also stated that if individual investors participate, it could take BTC to new heights.
"I think the demand is definitely here. So, I don't think we're going to see previous dips again."
On the other hand, Mashinsky draws attention to some problems. According to Celsius CEO, if Russia continues its attacks on Ukraine, the pressure will be felt by the public markets. Apart from that, the actions of the US Federal Reserve are also likely to trigger a more negative situation for the markets. Despite all the problems, Mashinsky seems confident that both Bitcoin and Ethereum will reach their highs in 2022.
"It will take longer for us to reach new highs. But I still expect us to break $60,000 in Bitcoin and $4,500 in Ethereum this year."
Besides price predictions, Mashinsky also talked about other topics such as decentralized finance and conversations about centralized finance. Commenting on Vitalik Buterin's ideas on the crypto space needing semi-centralized solutions, Mashinsky said:
"Basically it says, look, we don't have to be 100% DeFi. CeFi and DeFi are two sides of the same coin. Sometimes you need CeFi, sometimes you need DeFi, and Celsius does that every day."
Finally, the entrepreneur shared a simple investment strategy. According to him, if someone buys BTC and cannot sleep, “It means you have too much Bitcoin.” However, if someone buys BTC and sleeps like a baby, they don't have enough Bitcoin. “Find that sweet spot and stick with it,” she said. In other words, you should invest enough crypto money to sleep at night with money that will not hurt you.