Bitcoin to see $100,000 by 2025: says analyst

2020-10-5 18:48

According to the analyst from Bloomberg, Bitcoin could soon be on course for $100,000

Analyst Mike McGlone from Bloomberg expects Bitcoin to continue to grow in value over the coming years.

Bitcoin surprised much of the financial world this year after recovering strongly from the market crash seen in March as the pandemic impacted global markets.

McGlone believes that Bitcoin will continue to go from strength to strength in the 2020s, predicting the $100,000 mark will be hit by 2025. Claiming that adoption will provide Bitcoin with the push it needs to hit new-all-time highs, there has been a great deal of indications of this over the last couple of years. In recent news, Bitcoin has been increasingly adopted in Egypt and in sub-saharan Africa as a way to secure savings for young people.

So if adoption is supposedly on the rise, why have we seen the rise of DeFi projects and seen Ethereum taking the headlines? Ethereum could well overtake the top crypto when ETH 2.0 launches later this year and adoption of the smart contracts platform overtakes Bitcoin.

If we do see $100,000 Bitcoin in the next five years, it would represent an ROI of roughly 10X from today’s prices — a very respectable return for investors looking for a long term investment.

The post Bitcoin to see $100,000 by 2025: says analyst appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 96691.67 (-0.16%)
Объем 24H $40.399b
Изменеия 24h: -0.85 %, 7d: -6.03 %
Cегодня L: $96041.94 - H: $97458.26
Капитализация $1914.458b Rank 1
Цена в час новости $ 10689.71 (804.53%)

bitcoin 100 analyst see 2025 says coin

bitcoin 100 → Результатов: 126


Bitcoin To $100,000 By February 2025? Analyst Explains Why

The current trajectory of Bitcoin (BTC) prices could push it to the $100,000 mark within the next 90 days, regardless of the results of the U. S. presidential election. Bitcoin At $100,000 By February 2025?  Crypto analyst Timothy Peterson suggests that BTC’s current price movement is not substantially different from previous trends, raising questions about the “diminishing marginal returns” theory.

2024-10-26 10:00


Is $100,000 Bitcoin Possible? Analyst Breaks Down Major Catalysts

As Bitcoin (BTC) edges closer to the $70,000 mark, the crypto community is abuzz with predictions of a potential surge to $100,000, accompanied by a significant altcoin season. Amidst this fervor, crypto analyst Axel Bitblaze has provided an analysis on X, examining whether the necessary liquidity and catalysts are in place to propel Bitcoin to such heights.

2024-10-18 19:00


As Bitcoin Struggles To Reclaim $50k, This Bloomberg Analyst Tells Why He Still Has Eyes Peeled For $100,000 In 2021

Bloomberg Intelligence Analyst McGlone believes Bitcoin will reach $100,000 in 2021, with supported factors such as increased adoption, past BTC trading trends, and Bitcoin’s declining supply. “Can bitcoin reach $100,000 in 2021? Five charts show potential- Past bitcoin trading trends and the crypto’s declining supply vs.

2021-9-19 14:33