senior commodity strategist at Bloomberg Mike McGlonewith the end of the current macroeconomic environment shaped by high inflation. of bitcoin (BTC) argued that it will trade at $100,000 by 2025.
Famous market expert Says Bitcoin Price Will Reach $100,000 After The Current Global Macroeconomic Winter.
possible, McGlone said in an interview today. BTC He stated that the rally will be triggered by greater adoption and increased use of Bitcoin.
McGlone continued:
In my opinion, it’s only a matter of time before BTC reaches $100,000. The basic truth is that unless this situation reverses, BTC adoption and demand are increasing. Accordingly, it will continue to increase in value.
Also, the strategist said that the BTC and crypto market is caught in a global winter.
He stated that digital assets constitute a very small part of this global macroeconomic winter.
McGlone went against the general market view that BTC is in crypto winter. BTC took a hit in 2022 but struggled to stay above $20,000, he said.
The famous strategist said that this is not just a crypto winter, and underlined that there is a macroeconomic global winter.
McGlone also Ethereum (ETH) commented on the possibility of competing against BTC in the near future, especially after the Merge update.
Interestingly, the strategist stated that Ethereum will eventually overthrow BTC, but that is not possible in the current environment.
According to McGlone, BTC will be the new digital gold in the coming years, if not soon.
*Not investment advice.
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