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Tuesday

22 June 2021

Bitcoin price gains 6% as Bloomberg analyst favors $40K over $20K next

Bitcoin price gains 6% as Bloomberg analyst favors $40K over $20K next


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Bitcoin (BTC) is "more likely" to hit $40,000 than $20,000, Bloomberg argues as the largest cryptocurrency gains 6% in a day.

In a tweet on Wednesday, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, argued that Bitcoin would sooner see a return to $40,000 than its 2017 all-time highs of $20,000?

"Woodstock-Like Bitcoin 2021 Miami Backs Mainstream-Adoption View: The June 3-5 Bitcoin 2021 conference further validated our view that Bitcoin has transitioned to a global digital-reserve asset and away from being a speculative crypto," he tweeted on Tuesday

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cointelegraph.com
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