Bitcoin to Hit $ 100,000 pofika 2025: Bloomberg Katswiri

Aziz 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. 

Tchati cha BTCUSD - 4-Hour

Mulingo Wofunika wa BTC Woyenera Kuwonera Pafupi

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. 

Msika Wonse Wamsika: $ Biliyoni 333.6

Msika wa Bitcoin Market: $ Biliyoni 195

Mndandanda wa BTC Dominance: 58.5%

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Aziz Mustapha

Azeez Mustapha ndi katswiri wazamalonda, wowunikira ndalama, wopanga ma siginolo, komanso woyang'anira ndalama wokhala ndi zaka zopitilira khumi pazachuma. Monga wolemba mabulogu komanso wolemba zandalama, amathandizira ogulitsa kuti amvetsetse malingaliro ovuta azachuma, kuwongolera luso lawo logwiritsa ntchito ndalama, komanso kuphunzira momwe angagwiritsire ntchito ndalama zawo.

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