Number of Active Bitcoin Addresses Could Indicate $14.7K Price Rise
A key on-chain metric that Bloomberg bets on, points to a Bitcoin bull run with possible 50% price appreciation. Go to Source Powered by WPeMatico
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Bloomberg BTC Bombshell, Coinbase Fury, Ether vs. Tether: Hodler’s Digest, June 1–7
Bloomberg thinks Bitcoin could return to record highs of $20,000 this year, but warns Ether may not be the world’s second-biggest cryptocurrency for much longer. Go to Source Powered by WPeMatico
Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg
Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year. According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.” Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel behind bitcoin’s maturity, particularly when benchmarked … Read more
Bitcoin and Gold are key Assets for 2020, Bloomberg Analysts Claim
When looking for financial assets that may appreciate in value over time, many different options can be explored. If Bloomberg analysts are to be believed, all one needs is Bitcoin and gold to make a steady profit. Most of the financial markets had their key weaknesses exposed in recent months. All You Need is Bitcoin … Read more
Bloomberg: Only a Matter of Time Before Tether Overtakes Ether as #2
Bloomberg’s report that provides crypto outlook for June says that it expects Tether to pass Ether as the number two cryptocurrency on the strength of the dollar. Go to Source Powered by WPeMatico
Goldman Sachs Butts Heads With Bloomberg Over Bitcoin
Goldman Sach starkly disagrees with Mike Bloomberg on cryptocurrency as an asset class worthy of investment interest. Go to Source Powered by WPeMatico
Bitcoin Pulls Away From Stock Market as Price Staying Above $8,000 Signals Strength – Bloomberg Analyst
Bitcoin (BTC) staying above $8,000 is a sign of increasing momentum and detachment from the stock market beta-pull, according to Bloomberg senior analyst Mike McGlone. In a new bitcoin report published on May 5, McGlone said that sustaining above this level is necessary to indicate strength. “Bitcoin is showing divergent strength versus the wobbly stock … Read more
Bloomberg Analyst Gives a Simple Reason Why BTC Is Better Than Gold
A Bloomberg analyst believes Bitcoin presents a more attractive supply model than gold. Go to Source Powered by WPeMatico
Bitcoin Has Entered “Optimism” Phase — Is “Belief” Or “Fear” Next?
Bloomberg analyst concurs optimistic on-chain indicators. Go to Source Powered by WPeMatico
Crucial Moment for BTC, Bull Run Prediction, Halving Frenzy: Hodler’s Digest, Apr. 20–26
In this week’s Hodler’s Digest, Bitcoin faces a key weekly close, Bloomberg releases exceedingly flattering report about BTC, and hodling activity goes through the roof Go to Source Powered by WPeMatico
