Mike McGlone is confident that the first cryptocurrency will be able to double its value in the coming months thanks to the trend for the introduction of digital assets.
Bloomberg ‘s chief commodity strategist Mike McGlone confirmed his forecast that by the end of this year the price of bitcoin will rise to $ 100 thousand.
According to the McGlone, the trend for the introduction of cryptocurrencies, which is observed in 2021, will help to reach this mark of the first cryptocurrency (Bitcoin).
Can Bitcoin Reach $100,000 in 2021? Five Charts Show Potential – Past #Bitcoin trading trends and the crypto's declining supply vs. mainstream adoption suggest a significant advance in 2021, potentially to $100,000, we believe. pic.twitter.com/0tH7PS7QEI
— Mike McGlone (@mikemcglone11) September 16, 2021
This is not the first time McGlone has confirmed his optimistic outlook for Bitcoin. At the end of May of this year, he argued that despite the collapse of the crypto market, which occurred on May 19, bitcoin is able to rise in price to $ 100 thousand by the end of 2021.
On May 19, the cost of bitcoin per day decreased by more than a third. On this day, the price of the first cryptocurrency fell to $ 30 thousand for the first time since January. On September 16, the coin is trading at $ 47.5 thousand.
In early September, analysts at the British banking corporation Standard Chartered predicted that by the beginning of 2022 the cost of bitcoin could exceed $ 100,000.
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