Bloomberg senior analyst Mike McGlone has released his new report, which crypto investors are eagerly waiting for.
Constantly repeating his $100,000 target for the leading cryptocurrency Bitcoin, the successful analyst defined 2021 as the base year for the cryptocurrency market.
Reiterating that digital assets will gain great value in the long run, McGlone said, “There is gasoline for the year-end run to 100 thousand dollars,” for the targeted level at the end of the year in Bitcoin.
Those Who Didn’t Invest in Cryptocurrency Left Behind!
He noted that global money managers who had not invested in cryptocurrencies such as Bitcoin and Ethereum in 2021 “risk of lagging behind and underperforming other institutions with crypto holdings.”
Emphasizing that it is not a coincidence that the crypto bans from China and the US approval of Bitcoin ETFs coincide with the same dates, McGlone argued that there is a secret cold war between the US and China on cryptocurrencies.
The analyst also said that a movement will begin in the crypto money market in November.
While Dogecoin, the popular cryptocurrency of the first half of 2021, left its place to Shiba Inu, which has attracted great interest recently, successful analyst McGlone stated that these two altcoins are making unprecedented movements on a global basis.
Analyst Shiba Inu and Dogecoin said they are speculative coins.
Gold Will Return To Normal In 2022!
Mike McGlone said that the gold market should be followed in the next year.
Stating that the increases we experienced in 2021 will not be experienced in 2022, the analyst said that the economy has started to return to normal and gold prices will return to normal by 2022.