Bitcoin can reach $400K in 2021 as 'risk-off reserve asset' — Bloomberg
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....
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A leading cryptocurrency firm forecasted that Bitcoin price would surge next year, fueled by President-elect Donald Trump’s proposal for a US Strategic Bitcoin Reserve. Crypto company Blockware Solutions sees that Bitcoin could hit $400,000 per coin in a bull run if the proposed BTC reserve pushes through or still reach $150,000 in a bearish trend […]