Bloomberg Strategist: Bitcoin Will Reach New Highs in Second Half of 2021
Mike McGlone, a strategist at Bloomberg, has made some interesting predictions for the prices for Bitcoin and Ether in the near future.
The expert, who predicted Bitcoin would reach $20,000 again in December last year, believes Bitcoin will keep growing.
According to him, the price of the cryptocurrency developed by Satoshi Nakamoto will hit new highs in the second half of the year and will become more profitable than Ether.
He is sure Bitcoin will some day hit $100K, while Ether will also reach new highs thanks to the increasing adoption of cryptocurrencies by institutions.
McGlone is not alone in this optimistic predictions about the future of cryptocurrencies. In this sense, analysts at Autonomous Capital Management believe financial institutions are only eyeing Bitcoin and crypto-focused products so far.