Bloomberg senior analyst Mike McGlone sees Bitcoin (BTC) gaining in value against shares of Tesla (TSLA), the electric vehicle company headed by Elon Musk.
On a report shared by Bloomberg on Twitter found in the comments Mike McGloneHe suggested that Bitcoin may bottom against Tesla and that it is very likely to gain value in the coming period. Mentioning the supply-demand ratio between both assets as a justification for this prediction, McGlone supported his statement with the following statements:
Tesla and Bitcoin both represent rapidly advancing technologies. In the near term, world markets will emerge from the recession and head towards both these assets. In the long term, its limited supply may give Bitcoin an advantage in terms of performance.
Analyst says rising supply of Bitcoin in 2025 below 1% Tesla shares may fall compared to this 12 month change average rate over a decade around 5% He stressed that it was horizontal. Both assets, BTC and TSLA, have been at market values since February this year, McGlone said. 500 billion dollars He added that he lost.
However, for cryptocurrencies bear season is nearing its end Expressing that, the analyst thinks that there will be a return to the bull market with solid steps in the coming period.
