Bitcoin could retest all-time high levels around $60k+ roughly in the span of the upcoming year amid the Banking crisis, says Tether CTO Paul Ardoino

Here are a few of his thoughts from this interview he gave to CNBC:

I’m bullish given all what I said in terms of geopolitical uncertainty…

I’m bullish on Bitcoin. I think that it can easily retest the all-time high levels around $60,000+.

Bitcoin is in this moment, I think, decoupling from the traditional financial markets. I think that given the geopolitical situation we are in, the banking industry situation we are in, I think people are getting scared.

So when there are bank runs around the world, I think, Bitcoin is the only asset that you can really hold for yourself, you can hold in your hardware wallet.

And it’s a hedge against everything that could happen, or already happened in the past months and could happen in the future.

I know that there is a bet on Bitcoin that it could reach $1 million in 90 days. I’m kind of skeptical about that because honestly, I wouldn’t even hope for that.

Because if Bitcoin would reach such a high price level, it would mean that the entire economy will crumble. And I’m not sure it is the word that we want to live in.