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$50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally
Dec 5, 2020 at 2:00 p.m. UTC
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OPINION
(D-Keine/iStock via Getty Images Plus)
Nathaniel Whittemore
A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset.
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This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch, Allnodes.
Download this episode
On this edition of the weekly recap, NLW looks at the consolidating narrative of a bitcoin rally that is:
Being driven by institutional investors
Shifting the center of the industry from East Asia to North America
Winning converts from major research houses and institutions
Driving the price of bitcoin to new all-time highs
This week on The Breakdown:
Monday | Bitcoin Hits a New All-Time High: What Happens Next?
Tuesday | Why a $631B Asset Manager Just Changed Its Mind on Bitcoin
Wednesday | Josh Brown on Bitcoin’s ‘Respectability Rally’ and Why We’ll See Dow 100,000 in Our Lifetime
Thursday | Why Stablecoins Are the First Battleground of the Coming Crypto Regulation Wars
Friday | A ‘Santa Claus Rally’ for the Stock Market?
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
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The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
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© 2020 CoinDesk
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
CoinDesk Bitcoin News Story from People $50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally Dec 5, 2020 at 2:00 p.m. UTC Article main image OPINION (D-Keine/iStock via Getty Images Plus) Nathaniel Whittemore A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset.
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch, Allnodes.
Download this episode
On this edition of the weekly recap, NLW looks at the consolidating narrative of a bitcoin rally that is: Being driven by institutional investors Shifting the center of the industry from East Asia to North America Winning converts from major research houses and institutions Driving the price of bitcoin to new all-time highs This week on The Breakdown: Monday | Bitcoin Hits a New All-Time High: What Happens Next? Tuesday | Why a $631B Asset Manager Just Changed Its Mind on Bitcoin Wednesday | Josh Brown on Bitcoin’s ‘Respectability Rally’ and Why We’ll See Dow 100,000 in Our Lifetime Thursday | Why Stablecoins Are the First Battleground of the Coming Crypto Regulation Wars Friday | A ‘Santa Claus Rally’ for the Stock Market? For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
READ MORE ABOUT... BloombergBitcoinPodcastsThe Breakdown DISCLOSURE The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Trending S&P S&P Dow Jones Indices to Launch Crypto Indexes in 2021 Danny NelsonDec 3, 2020 STABLECOINS US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters Nikhilesh DeDec 2, 2020 ETHEREUM Why Ethereum and Bitcoin Are Very Different Investments Muyao ShenDec 2, 2020 GRAYSCALE ETHEREUM TRUST Grayscale Ethereum Trust Announces 9-for-1 Stock Split Tanzeel AkhtarDec 2, 2020 BLACKROCK BlackRock’s Fink Says Bitcoin Can Possibly ‘Evolve’ Into Global Asset Sebastian SinclairDec 2, 2020 Follow us © 2020 CoinDesk The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.