A tweet shared by Bloomberg's chief commodity strategist, Mike McGlone, discusses Bitcoin and Ethereum, touches Tether and states that the flagship cryptocurrency should get back on track toward $100,000.
"Bitcoin is likely to resume the rise to hit $100,000"
As Bitcoin is trading in the $38,000 zone, the authors of the Bloomberg report say that BTC could be in a "resting crypto-asset bull market."
The Bloomberg Galaxy Crypto Index (BGCI) shows that a bull market is likely to kick off in June. At the moment, the largest cryptocurrency is creating a basis around the $30,000 level after its 50 percent fall from the $68,700 all-time high in April.
Now, a lot of speculative assets are go
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