John Wu expects the crypto market to double

John Wu, head of the company behind Avalanche (AVAX), sees the crypto market in 2022 as positive. Bitcoin could therefore rise to USD 75,000.

"[The crypto market], which comprises about 2.3 to 2.5 trillion dollars, will double in 2022 and rise to 5 trillion dollars," said Ava Labs boss John Wu in an interview with CNBC .

The reason is the enormous inflow of capital and brain power into the sector.

With regard to Bitcoin, the boss of the smart contract platform is only cautiously optimistic. The dominance could fall to up to 30 percent, according to the company boss.

For comparison: this is currently around 40 percent.

That translates into a target price of $ 75,000 per Bitcoin.

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