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In Bullish Report, Bloomberg Predicts $400,000 Bitcoin Price In 2021
On April 6, Bloomberg released the April edition of its monthly “Crypto Outlook,” in which it outlined the bullish narratives around bitcoin and the burgeoning industry surrounding it. The report was notably bullish, particularly as it came from a reputable legacy firm in the financial and media industry. Here are some of the highlights: “BITCOIN FILLS THE DIGITAL RESERVE-ASSET NEED IN LOW-YIELD WORLD” “Adoption iterations for Bitcoin have entered a unique state of human nature that supports the crypto's ascent, in our view. Money managers reluctant to cross the Rubicon and allocate at least a small portion ... (full story)