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Bloomberg Analyst Predicts Bitcoin Price Can Surge To $400K In 2021

Mary Liu

Summary: Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, said in a tweet today that Bitcoin is transitioning to a risk reserve asset, and 2021 will be a year for Bitcoin to mature and leap forward.  McGlone also uploaded a BTC/USD average price and Bitcoin liquid index chart. The chart shows that with historical data ...

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, said in a tweet today that Bitcoin is transitioning to a risk reserve asset, and 2021 will be a year for Bitcoin to mature and leap forward. 

McGlone also uploaded a BTC/USD average price and Bitcoin liquid index chart. The chart shows that with historical data in 2013 and 2017 as the trending background, the potential peak price of Bitcoin this year may reach $400,000.

By Mary Liu

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