“Bitcoin is probably going to end at this $22,000 to $25,000 range [for bitcoin] and next year $30,000 to $35,000 and then we will break out to these new high levels. Celsius Network co-founder and CEO Alexi Mashinsky when asked if bitcoin was on a collision course to reach $500,000. Celsius, a crypto loan company, tapped into the renewed bitcoin fever to raise $20 million via equity crowdfunding in August to support its operations.

Bitcoin prices surged beyond the $20,000 mark this week and hit fresh record highs. On Thursday, prices crept to about $23,000. …

Gary Chua

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