Mike McGlown, senior marketing strategist at Bloomberg Intelligence (BI), said that by 2022, the price of Bitcoin may reach $55,000. Bloomberg pointed out in the latest research report exploring cryptocurrency on Bloomberg Terminal. According to Bloomberg's "Cryptocurrency Outlook Report" published in December 2020 on Thursday, December 3rd, Bitcoin will maintain its upward trend until 2021, when the issue of "macroeconomic, technical" supply data Will be pointed out. Bitcoin will trade between US $10,000 to US $50,000 in 2021.
McGlone, in the December 2020 report states that 'Bitcoin' will reach $ 1 trillion in about 2022, which means that the price is around $ 55,000 and that it could reach $ 40,000 by 2021.
He continued "By 2021, there will be almost no signs of raising the Bitcoin bull market. On October 22, McGlone was interviewed, He explained why he expects the price of BTC to reach $ 100,000 in 2025, and why gold is still worth buying, despite the potential of Bitcoin for greater decline.
In an interview with Kitco News producer David Lee, McGlong commented on gold and bitcoin. McGlone first talked about why he believes the price of Bitcoin will reach $ 100,000 in 2025.
'The most important thing about Bitcoin is that I see nothing that can stop it from doing what it has been doing all its life. As the price rose to $ 100 then $ 1,000 then $ 10,000. (This is actually the combined price of the last three years.) The most important thing it does is that it has only an addition of zero history, so if you add expiration dates, it must be because volatility is declining. more is accepted for the next zero, from $ 10,000 ... It can take an estimated eight years, but I take all the other factors into account ... ' As for the Bitcoin gold ratio, McGron said he hopes this situation will continue. 'Yes, as Bitcoin becomes a more mature digital version of gold, I think it will continue to exist" Just look at the 12-month ratio, It's about 0.77, 52 weeks is about 0.5. The most important fact is that it's the highest ever. Now Bitcoin is immediately behind gold and gold is up a new high, but I think its macroeconomic environment is quite strong, i.e unprecedented debt to GDP ratio, quantitative easing, negative interest rates are what makes gold and bitcoin attractive..
Tags : @MarcDeMesel and @RogerVer