Bloomberg Analyst: Bitcoin Is “Tiny” Now, But “Price Discovery Stage” Is Here
Bitcoin is now worth nearly a full $15,000 more than it was during March of this year. But the events of Black Thursday and the realization that the world was forever changed, it has created the perfect storm for the cryptocurrency. Now, with new money flooding in from an entirely different wealth class, Bloomberg senior commodities analyst Mike McGlone believes that the cryptocurrency is back in “price discovery stage,” and while the asset’ market cap […]
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A recent meltdown in the Bitcoin price from its record high near $42,000 has done little to shake its bullish bias, at least according to a Bloomberg analyst.
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Bloomberg received a listing action from Valkyrie Funds for their bitcoin futures ETF, its analyst James Seyffart said.