“Bitcoin $20,000 or $100,000 in 2021? Crypto Trend Is Upward,” wrote Bloomberg senior commodity strategist Mike McGlone.

More than $560 million worth of ETH has been deposited into Ethereum’s staking contract over the last two days. That is according to recent learning, which records 220,000 ETH was placed therein between May 25-27. The endgame for ETH, as it stands, is the inbound 2.0 upgrade but that might be well over a year […]

Bloomberg analyst Mike McGlone has revealed on social media that the recent cryptocurrency price crash saw BTC’s price drop for “reasons that support an extended bull market” and a path for it to hit $100,000 per coin. In a tweet, the analyst revealed that a primary factor cited for the cryptocurrency’s correction was its excessive […]

The Canadian Securities Administrators (CSA) at the end of last week announced new guidance…

The post Canadian regulators outline new crypto guidelines appeared first on Coin Journal.

The US dollar boom puts BTC on the verge of crashing once again as many BTC strategists and investors started looking at this year with convictions that the dollar will be the one to crash. So far, however, the predictions are proving false so let’s read some more in our latest Bitcoin news today. While […]

Many Bitcoin strategists and investors started 2021 with deep-rooted convictions that the US dollar would weaken.

Bitcoin is currently struggling to reclaim $50,000, but one chief Bloomberg analyst says that the cryptocurrency could be ready to “march” toward $100,000 per coin in the near term. Here’s the data the senior commodity strategist says backs up the theory for the “nascent” cryptocurrency’s price doubling in short order. Bitcoin Building Foundation At $50,000, […]

Mike McGlone, a senior commodity strategist for Bloomberg Intelligence, says Bitcoin (BTC) appears to be heading to $100,000 as it edges closer to replacing gold as a reserve asset. In a new edition of the Bloomberg Crypto Outlook, McGlone writes that the Grayscale Bitcoin Trust (GBTC), which closed at a 2.7% discount at the end […]

The post Bitcoin Breakout Signal Shows Top Crypto Likely Heading to $100,000 As Investors Choose BTC Over Gold: Bloomberg Analyst appeared first on The Daily Hodl.

The price of bitcoin could be moving toward the $50,000 mark in the near future, as investors move funds out of gold and bet on the cryptocurrency space, according to Bloomberg senior commodity strategist Mike McGlone.  On the February 2021 edition of the “Bloomberg Crypto Outlook,” McGlone wrote that he believes the price of bitcoin […]

Bloomberg Intelligence’s senior commodity strategist Mike McGlone has said that investing in bitcoin is similar to investing in gold.

Custodial Fee Wars Cryptocurrency is still barely represented on traditional markets. The Grayscale Bitcoin Trust (GBTC) and the Bitwise 10 Crypto Index Fund (BITW) have led the pack. With bitcoin’s recent rise, their value has exploded. But now, a new Bitcoin trust is barreling onto the OTC market: the Osprey Bitcoin Trust (OBTC). This trust … Continued

The post Low-Fee Bitcoin Trust to Challenge Grayscale appeared first on BeInCrypto.

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