While BTC is stabilizing its price at the moment, the assumptions about its future price are numerous and divergent. Indeed, some are careful and think it will go down, others will tell you that we'll reach one BTC which will be 1 billion $ worth in 2021 (which is, I think, impossible). And finally, the last will tell you that this stabilization will continue and we'll never know the BTC under 30 000 $ anymore.
Bloomberg prediction
The Bloomberg Intelligence report is rather exhaustive about BTC. Indeed, the main aspect underlined is that this asset is making the transition from a speculative digital asset to a global reserve of value.
So who should we listen to the most ? Bloomberg or the first crypto influencer you'll find on Youtube ?
If you love conspiracies, you may think that Bloomberg is saying this because they have an interest to say this. You're maybe not totally false but I seriously think Bloomberg is objective on that particular case.
However, as I know it, there isn't any word on the Altcoin market. My opinion is that the ETH will be a good long term deal rather for sure, but no idea for the other coins.
40 000 $ as retracing medium ?
To be more complete about this report, Bloomberg is saying that the current macro-economic environment is more and more favorable. They estimate that there will be a 40 000 $ retracing support in the future and that once BTC will reach the 100 000 $ cap, the volatility will be very very less effective.
So if you guys see a correction like that, you probably know what to do ...
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