Bitcoin News Roundup for Dec. 4, 2020

With Bloomberg predicting $50K BTC in 2021 and rumors of crypto clarity as the Trump administration winds down, CoinDesk's Market's Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch Allnodes

Bitcoin Price Could Hit $50K in 2021, Bloomberg Analysts Say

"Bitcoin's macroeconomic, technical and demand vs. supply indicators supportive of $50,000 target resistance," according to Bloomberg.

OCC Chief Hints at Coming 'Good' Actions on Crypto by End of Trump's Term

Brian Brooks hinted at a flurry of crypto clarity actions in the next few weeks that could drive more institutions into the asset class.

S&P Dow Jones Indices to Launch Crypto Indexes in 2021

Financial data provider S&P Dow Jones Indices is launching a crypto asset index in 2021.

Ripple CTO Says Majority Vote Would Force the Burning of Billions in XRP

The Ripple exec was responding to a question asking whether a majority vote could force the destruction of XRP held in escrow.