Home 2022 $100,000 Bitcoin Price is ‘On the Cards’

$100,000 Bitcoin Price is ‘On the Cards’

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#crypto #bitcoin

$BTC $USO

“Bloomberg Intelligence’s senior commodity strategist Mike McGlone predicts BTC is headed to $100,000+”–Pau Ebeling

Mr. McGlone says that the Crude Oil prices will persist on a downward trend throughout 2-H of Y 2022 towards a price of $50/bbl and this will trigger deflationary trends worldwide.

The deflationary impact will consequently send the price of gold rising to $2,000oz and boost the price of Bitcoin to $100,000, according to the Bloomberg Intelligence strategist’s work.

“…Bitcoin is the gold in the space. And it’s still speculative. I just really think it needs to be shaken out a little bit and then go back up as a whole market.”

Bitcoin fell to a low of $17,622 in June.

BTC is trading at $24,503 having cracked the resistance at $24,000 at time of writing.

The Knights Platform is an electronic network that links the trading floors of every relevant Crypto Exchange

Market participants, Brokers and market makers can take a price on any of the linked exchanges to find and execute the best price available. Eventually, as they are on boarded, a broker on the floor of one exchange could directly place an order through Knights rather than going through a broker on another exchange.

A tip of my hat to sovereign individuals with satoshis and Bitcoin in cold storage with our firm. Click here

Check Price Action

Have a prosperous day, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.