Bloomberg strategist says Bitcoin will hit $100K by 2025.Bloomberg’s Senior Commodity Strategist Mike McGlone was recently a guest at Kitco News. He analyzed the current market and argued that Bitcoin will outperform all other assets in the world and hit $100 thousand by 2025.
According to McGlone, the great reversion is just getting started. The current market reflects the most significant inflation in 40 years, the first in most people’s lifetime. However, he also argued that once this period is over, Bitcoin will soar and become the best asset to hold in the world. McGlone mentioned both Bitcoin and S&P 500 just returned to their 100-week mean at the end of May first time in two years. Nasdaq broke one of its prominent supports as Bitcoin broke its $30,000 support.
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