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The Bull Market May Start In June, Bitcoin Could Resume Rising To $100K, Says Bloomberg Report

Mary Liu

Summary: A report conducted by Mike McGlone, Bloomberg BI Senior Commodity Strategist, shows that Bitcoin is currently trading in the range of about $38,000, which means that many speculative assets have disappeared, and Bitcoin's fundamentals remain intact.  The report stated that we are now in the "resting crypto-asset bull market". The Bloomberg Galaxy Encryption Index (BGCI) ...

A report conducted by Mike McGlone, Bloomberg BI Senior Commodity Strategist, shows that Bitcoin is currently trading in the range of about $38,000, which means that many speculative assets have disappeared, and Bitcoin's fundamentals remain intact. 

The report stated that we are now in the "resting crypto-asset bull market". The Bloomberg Galaxy Encryption Index (BGCI) shows that the bull market may start in June. 

With Bitcoin's reduced supply and a large number of retail and institutional funds inflowing, Bitcoin may resume its rise to $100,000.

By Mary Liu

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