Category: Bloomberg

Bitcoin can reach $400K in 2021 as ‘risk-off reserve asset’ — Bloomberg

Bitcoin can reach $400K in 2021 as ‘risk-off reserve asset’ — Bloomberg

Bitcoin (BTC) still gets criticized for being too volatile, but one Bloomberg analyst believes that it conversely is becoming a “risk-off” choice for investors. In a tweet on March 25, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that this year marked a watershed moment for the largest cryptocurrency. $400,000 BTC would “rhyme” with […]

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$50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally

$50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally

Dec 5, 2020 at 2:00 p.m. UTC (D-Keine/iStock via Getty Images Plus) $50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally 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 […]

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