Bloomberg's chief commodity strategist, Mike McGlone, believes that 2021 shows numerous earmarks for Bitcoin’s strong advance as BTC still targets $100,000.
“$100,000 in 2021 is meager by Bitcoin standards"
McGlone has taken to Twitter to share his take on Bitcoin and say that the trend is upward and the coin is going towards $100,000, rather than $20,000.
In his tweet, the Bloomberg’s expert on commodities stated that 2021 is showing many of the typical earmarks for Bitcoin’s strong advance.
He has referred to the drop in the direction of the $30,000 level as “a discount within a bull market”.
Among these factors, as per his tweet, are the ongoing incr
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