Bloomberg Expects Bitcoin to Surpass $20K this Year

Bloomberg published a note in the last few days saying Bitcoin could double to $20,000 before the year is over; the digital currency has favorable fundamentals and technicals according to the note; Bloomberg sees Bitcoin breaking away from other cryptocurrencies and that the same forces helping to push gold higher are helping to push Bitcoin higher; “We see little upside in the ETH price absent a rising tide from bitcoin,” Bloomberg said according to Business Insider, adding that bitcoin “is breaking away from the pack in terms of adoption and is supported by almost-ideal macroeconomic conditions for stores-of-value amid quantitative easing.” Business Insider

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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