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ANALYSTS: THE PRICE OF BITCOIN MAY RISE UP TO 400 THOUSAND DOLLARS
ANALYSTS: THE PRICE OF BITCOIN MAY RISE UP TO 400 THOUSAND DOLLARS
The strategist of Bloomberg Mike McGlone stated that Bitcoin could reach the $ 400,000 price within a year. He also tweeted that digital currency can be converted into a low-risk asset.
McGlone has posted a diagram showing the rise of Bitcoin since 2010. He noted that at the moment, the situation on the market resembles 2013 and 2017, when the cryptocurrency reached its peaks.
The analyst is confident that the next year will be a turning point for Bitcoin.
McGlone believes that bitcoin will soon become a protective low-risk asset, and in the future, it may be transformed into a global reserve asset. He added that according to the analytical group, after the rise in 2021, the cryptocurrency will become a risk-free asset.
At the moment, the price of one is estimated at 55.2 thousand dollars or 4,181,979 rubles. At the same time, many investors are wary of digital currency, fearing that its growth strategy resembles a “bubble”.
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