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Bitcoin May Touch $100,000 by End of 2021, Bloomberg Analyst Says ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.
Bitcoin could hit US$400,000 this year, say Bloomberg analysts proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.
Bitcoin could hit US$400,000 this year, say Bloomberg analysts Companies Bitcoin could hit US$400,000 this year, say Bloomberg analysts Analysts at the market data firm also said global indicators showed a “shifting global tide” in favour of Bitcoin over gold as a reserve asset The price of Bitcoin could reach as high as US$400,000 this year based on its previous bull runs, according to new data from crypto analysts at Bloomberg. In the April edition of its Crypto Outlook 2021, the analysts said the original digital currency was “on similar ground” as its 2013 gains, which saw its value multiply by 55 times, and in 2017 where it swelled 17 times in value. ....
Analysts from Bloomberg have found that Tesla Inc s (NASDAQ:TSLA) allocation towards Bitcoin may have been an inflection point in favor of the leading cryptocurrency. What Happened: “The rule of money flowing to where it s treated best appears to be an enduring tailwind for Bitcoin. If one of the most significant members of the S&P 500 keeps sinking, we see underpinnings improving for the potential global digital store-of-value,” said Mike McGlone, a senior commodity strategist in Bloomberg’s Crypto Outlook report for the month of April. McGlone’s statements referred to a chart depicting the price of Tesla dropping by 25% since its Bitcoin allocation announcement on March 25, while the price of Bitcoin grew 35% during the same period. ....