# $100,000 Bitcoin Price is 'On the Cards'

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Last modified: 2022-08-11

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By Paul Ebeling · 2022-08-11
Tags: Shayne Heffernan on Investments, Luxury, Lifestyle, Headline News, Paul Ebeling, Bitcoin, Crude Oil, Crypto, Education, Opinion, Paul Ebeling, crypto, Bitcoin, Gold, Knightsbridge Insights, Living, Knightsbridge, Featured, 2022, KNIGHTS
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#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](https://knights.app/login)

[*Chec*](http://crypto.livetradingnews.com/en)[k Price Action](http://crypto.livetradingnews.com/en)

Have a prosperous day, Keep the Faith!

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