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Bloombergβs head commodity strategist Mike McGlone says the crypto markets look poised for a bullish 2022, with Bitcoin and Ethereum set to lead the charge.
βBitcoin appears to be on a trajectory for $100,000. We see it as more of a question of time, notably due to the economic basics of increasing demand vs. decreasing supply.
In the long term, the commodity strategist says that Bitcoin could ultimately find a stable price somewhere in the neighborhood of 100x the price of an ounce of gold, which right now would be $178,300.
βA potential path for the Bitcoin price is to stabilize around 100x an ounce of gold and for volatility to resume its downward trajectory, if past patterns repeat.β
In other trending Bitcoin News today: Top Crypto Analyst Predicts Strong Bitcoin Recovery, Says Altcoins Gearing Up for Massive Rally!
Pseudonymous analyst Capo tells his 217,800 Twitter followers that he believes Bitcoin is now ready for a steep rise in value as funding rates turn negative due to the most recent correction.
βBTC. Main scenario is more likely now.β
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Show Notes / News Resources:
β Bitcoin Technical Analysis: https://bit.ly/3dz6rXc
β Strong BTC Recovery & Massive Alt Rally: https://bit.ly/3GmIC0Y
β Bloomberg’s $178K Bitcoin Prediction: https://bit.ly/3oyIFRe
β Bitwise CIO On $100K BTC: https://bit.ly/3GnrGre
β Bloomberg 2022 Crypto Outlook Report: https://bit.ly/31KQeeR
π΄ DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make.ββββββββ Always do your own research and never invest what you cannot afford to lose.
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