Bloomberg senior strategist calls Bitcoin a global reserve asset on the path to $100K
Cointelegraph
Published Sep 04, 2021 11:03AM ET
Updated Sep 06, 2021 01:20PM ET
Bloomberg’s senior commodity strategist Mike McGlone has doubled down on his call for asix-figure Bitcoin (BTC), arguing that the first-born cryptocurrency is well on its way to becoming a global reserve asset that complements the United States dollar.
The September edition of Bloomberg’s Crypto Outlook called $100,000 Bitcoin (BTC) and $5,000 Ether (ETH) the “path of least resistance” after the two assets survived a more than 50% correction through the summer.
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Written By: Cointelegraph
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