Paʻa ʻo Bitcoin i $ 100,000 e 2025: Bloomberg Expert

ʻO Azeez Mustapha

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A senior commodity strategist at Bloomberg, Mike McGlone believes that the world’s largest cryptocurrency, Bitcoin (BTC), could have a $100,000 price tag by 2025. The cryptocurrency has shown a strong predisposition in adding more zeros to its price since 2011. 

In the October edition of the Bloomberg Crypto Outlook, Mr. McGlone, an adept Bloomberg Intelligence market analyst, noted that BTC is likely to continue to grow in value as more people and industries adopt it. This is something Bitcoin has been consistent with since its creation. However, it appears that this rise will happen at a slower pace this time around, most likely because the Bitcoin market will experience a slowdown in capital infusion. 

Meanwhile, McGlone also stated that the specific factor that’ll trigger the cryptocurrency’s rally to the said highs is still unknown. However, what is known is that the demand vs. supply metrics of BTC remain strongly price-positive. 

It was also noted that as long as Bitcoin follows its historic price action coupled with a tinge of maturation, it should take double the time in the past (2025) to add another zero to its current value. 

Finally, in the analysis, the Bloomberg strategist predicted that Bitcoin could hit the $14,000 mark by the end of the year. 

BTCUSD - Pakuhi 4-Hour

Nā Papa Nui BTC e Nānā i ke Kau Wā Kahi

Bitcoin has reacted perfectly to our technical projections from a recent analysis. The cryptocurrency has retraced dramatically after hitting the top of the converging channel/wedge at $10,800. Also, that level has been strong support in the past as suggested and is also the top end of our $10,800-600 pivot zone. 

That said, we could see the price slide further to the high-$10,400 area, where we should see a strong bounce upward. Better yet, BTC could rebound higher from its current level of $10,542. It is worth noting that we’re nearing the end of our wedge, and this could spark an aggressive surge in either direction. 

Ka pāpale kūʻai makepono: $ 333.6 ieeeea?

Kāpena Mīkini Bitcoin: $ 195 ieeeea?

Papa Kuhikuhi BTC Dominance: 58.5%

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ʻO Azeez Mustapha

He loea kālepa ʻo Azeez Mustapha, mea hoʻopukapuka kālā, mea hoʻolālā hōʻailona, ​​a me ka luna hoʻomalu kālā ma mua o ʻumi mau makahiki o ka ʻike i loko o ka māla kālā. Ma ke ʻano he blog a mea kākau kālā, kōkua ʻo ia i ka poʻe hoʻopukapuka e hoʻomaopopo i nā manaʻo kālā paʻakikī, hoʻomaikaʻi i kā lākou mākau hoʻopukapuka, a aʻo pehea e hoʻokele ai i kā lākou kālā.

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