Ryan Selkis envisioned more bank runs which could ultimately p | CoinBis Official

Ryan Selkis envisioned more bank runs which could ultimately push bitcoin towards $100,000.

Ryan Selkis – CEO of the crypto intelligence firm Messari – believes there will be more negative events in the financial world in the near future, including bank crashes.

He sees bitcoin acting as “a life raft and peaceful exit option” amid the calamity, predicting its price could soar to $100,000 in the next twelve months

What Does the Future Hold?
In a recent tweet, Selkis shared his vision regarding the future condition of the financial world and how those possible factors could affect bitcoin.

He thinks the ongoing banking crisis is far from over, forecasting additional collapses in the following weeks. Silvergate Capital, Silicon Valley Bank, and Signature Bank are among those recently closed by regulators. SVB – one of the top 20 biggest financial institutions in the USA before its collapse – filed for Chapter 11 bankruptcy protection on March 17.

Selkis predicted that the Federal Reserve will soon stop the increase of interest rates and focus on other monetary tools, such as Quantitative Easing (QE), to battle inflation. It is yet to announce its decision on March 22 during its next FOMC meeting.