Chainalysis CEO Gronager: Talked about Bitcoin and cryptocurrency

Uğur Bayram

Sep 2, 2021

Michael Gronager, CEO of analytics firm Chainalysis, gave his predictions for bitcoin in a program he attended.

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Michael Gronager, CEO of analytics firm Chainalysis, gave his predictions for bitcoin in a program he attended.
According to Gronager's predictions, Bitcoin may reach above the $100,000 level this year. Noting that corporate firms are learning about the Bitcoin industry, Gronager said:
"There is no limit to where we can go in the long run.
Gronager used the following words to protest El Salvador's acceptance of bitcoin as legal tender:
"I don't find the protests in El Salvador alarming"
And he said these words for El Salvador:
“It is very important for a small country to take such a step. It will set an example. For such countries, remittance transactions and cross-border payments are of great importance. Payments are also important in El Salvador. There was already a high level of adaptation. There will be many people in the country who say 'I want my dollar' and oppose change. These people don't even know what Bitcoin is. That's why I don't see the protests in the country as very worrying."
Confidence in cryptocurrencies has increased, according to Gronager. And he said the following about Ethereum, one of the important cryptocurrencies:
“We have seen Ethereum grow a lot in recent weeks. The network has become much more stable. People trust Ethereum2a more now. There is also DeFi, the decentralized financial industry. I think that adds to the value of Ethereum.”
Finally, Gronager had the following words for bitcoin:
“We are currently seeing a trend in cryptocurrencies, especially Bitcoin and Ethereum. Huge improvements and improvements have been made in the bear season. I think yes, we are still in bull season. I can say that we will be over $100,000 by the end of the year. In the long run, I don't think the Moon is the limit. We can go beyond that. I don't see a limit"

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