Bloomberg Opens Up to Bitcoin, Now Shows Prices
If a little over a year ago someone told you that Bloomberg would be displaying bitcoin prices on finance terminals, you probably wouldn't believe it. But it's happened. The financial news network announced Wednesday that they've added bitcoin prices to their assortment of financial utilities which many in the financial sector have come to rely on. Says the company (who acknowledges the widely varying opinions of bitcoin and digital currency): Regardless of your position, virtual currencies have become increasingly interesting to investors and financial market participants around the....
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Bloomberg terminal showing bitcoin prices from Coinbase and Kraken. Bloomberg has started providing bitcoin pricing to more than 320,000 subscribers via its Bloomberg Professional service. The service will allow users to monitor and chart data from Coinbase and Kraken. It will also track digital currency news and relevant social media posts from more than 100,000 sources. All users need to do to access the new service is type VCCY on the Bloomberg Professional service. Bloomberg was rumoured to be working on a bitcoin price ticker last August. At the time an inside source told BTCGeek....
A new poll from Bloomberg has shed more light on the perception of bitcoin among professionals in the world of traditional finance. Bloomberg's poll revealed that the fledgling currency is having trouble shaking its bubble image and that many financial professionals remain sceptical. The majority of participants said bitcoin is currently trading at "unsustainable" levels. Bloomberg's professionals are unimpressed. Bloomberg's poll did not involve the general public, instead focussing on 562 investors, analysts and traders that use its services. Awareness was not an issue, but 55% percent....
Despite the recent downfall of the crypto market, the projection of Bitcoin (BTC) to cross the $100k threshold remains seen as a matter of time. Back in December, Bloomberg Intelligence indicated that the anticipated mark would happen eventually “due to the economic basics of increasing demand vs. decreasing supply,” and new data shed some light on that idea. Bitcoin Vs. Crude Oil In a new Bloomberg Intelligence report, data shows trends that could favor Bitcoin and Ethereum prices. The report noted that “Representing advancing technology, Bitcoin is gaining traction as a....
With institutions demanding protection from inflation and dollar depreciation, historical trends could see BTC/USD 8X from current prices, says Bloomberg Intelligence. 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 historyMcGlone uploaded a chart of the BTC/USD average price and....
The moderators of the famous Reddit forum Wallstreetbets, known for putting Gamestop (GME) stock prices on the map as a worldwide trending topic, lifted a ban on all discussions related to bitcoin, ethereum, and dogecoin. However, the decision has been reversed after a recently published Bloomberg article. Bitcoin, Ethereum, Dogecoin Were Allowed to Discuss for Just One Day On April 14, 2021, Wallstreetbets moderators issued a statement, commenting about why they’ve been banning crypto-related discussions within their threads, citing that its main focus is the stock market. They....