Even as Bitcoin dropped below $42k earlier today, Bloomberg Intelligence Bitcoin analysts think that this price drop could be a temporary deal.
Mike McGlone, a senior commodity strategist at Bloomberg Intelligence believes that “If Bitcoin were to catch up to Ethereum’s performance this year, the No. 1
Bitcoin can reach as high as $400k in a long super bull run accelerated by institutional investment, according to a senior analyst at Bloomberg Intelligence.
Bloomberg, a top business news outlet has mostly been a Bitcoin skeptic in recent memory. However, this might be about to change as the Bloomberg
Ethereum fork supporters are getting ready to scrap the crucial EIP-1559 – an ETH miner has written an open message to the cryptocurrency community after receiving support from many industry leaders.
Bitcoin has remained one of the most volatile assets, which has seen big fluctuations in value.
Coincident with the sharp decline on Wall Street, BTC’s price fell to its lowest level than last two months.
After a few challenging weeks the Elon Musk – Twitter deal is official!
