Bloomberg Analysts Predict $20K Bitcoin This Year
Bloomberg analysts argue that historical patterns and macro factors mean prices are on a path back the the all-time high.
Bitcoin’s 30% price correction was enough to dull the attraction of that strategy for some.
A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset.
"We are certainly on track though $10 billion dollars is a low valuation," said Powell. "I wouldn't be interested in issuing shares at that price."
A Bloomberg senior editor today argued there were six reasons why 2020 was bad for bitcoin. Here’s the opposite case.
The $20,000 in 2020 prediction may be overly optimistic, but analysts agree bitcoin is likely heading north.