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

#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.

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Have a prosperous day, Keep the Faith!

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