Bloomberg Analysts: Bitcoin At $50K As Total Crypto Market Cap To Grow To $1 Trillion in 2021
50K by 2021? Of course but we could see anything with Btcoin, higher or lower but I’m fine with $50K by next year:
Bloomberg Analysts: Bitcoin at $50K as Total Crypto Market Cap to Grow to $1 Trillion in 2021
Bitcoin’s fundamentals are significantly stronger during the 2020 rally compared to 2017 and BTC could surge to $50k next year, argued Bloomberg analysts.
Bitcoin will double-down on its bullish performance next year and could top $50,000, said Bloomberg analysts. They justified the optimistic price prediction by the growing adoption and institutional interest, which have led to a much “firmer” foundation than the 2017 rally.
The primary cryptocurrency has been on a roll during most of 2020. Apart from the vicious price drops during the mid-March liquidity crisis, bitcoin’s value has expanded by more than 160% year-to-date.
In its December BTC report, Bloomberg analysts asserted that the situation will only intensify in 2021, eventually leading to a market capitalization of $1 trillion.