Mike McGlone, a senior strategist at Bloomberg, reiterated Bitcoin’s $100,000 target.
Senior strategist McGlone September 17 Bitcoin in a live broadcast he participated in $100,000 reiterated his opinion that he would achieve. The challenge we are in the inflationary process McGlone, who stated that it has been repeated many times in history, said that this situation will end in the near future and 2025 Bitcoin’s level of 100,000 thousand dollars by the year “easily“He said he would see.
Current interest and inflation macroeconomic winter Stating that it affects all kinds of investment instruments, the strategist added that when this situation ends, the first risk asset to come forward will be Bitcoin. He also pointed out that Bitcoin’s ability to trigger the rise will depend on increased adoption and demand.
It is “revolutionary” for the crypto money market that is easily accessible and operates 24/7. Bloomberg strategist, He did not hesitate to state that he has as much bullish expectation about Ethereum as Bitcoin. The price shock of the Ethereum supply shock after the Merge update will be over the price in the medium term. rise to unprecedented levels He added that it could cause until 2025 $6,000 of Ethereum He said he wouldn’t be surprised to see it.
With this the bearish movement may not be over said McGlone, in the 2008 crisis As seen, he thinks that the second round can be experienced and new lows can be seen.
Mike McGlone expressed his ideas that Bitcoin would be $100,000 at the end of August and beginning of September.