Antoni Trenchev, the co-founder and managing partner of Nexo, a cryptocurrency lender with more than $6 billion issued credits and more than 2.5 million users globally, provided his views on Bitcoin during an interview with CNBC yesterday.

Trenchev anticipated the price of Bitcoin to reach $100,000 by mid-2022, providing two main reasons for his bullish view: (1) The institutions add more bitcoin in their corporate treasuries, and (2) with more FED hikes expected this year, “cheap money” is going to stay and thus drive the crypto prices higher.