Senior commodity strategist Mike McGlone, who previously knew $10,000, $12,000 and $50,000 in Bitcoin price, once again stated in a new tweet that the BTC price is on its way to reach $100,000. As Kriptokoin.com, we are giving the details…
Bitcoin prediction that makes Mike McGlone happy
Bloomberg analyst Mike McGlone, who previously predicted critical levels in BTC, the largest crypto money with its market value, said seriously. Although there is a downward pressure, he does not think that Bitcoin will fall far below $ 30,000 this year and states that BTC is on the way to reach $ 100,000. The analyst also says that Bitcoin is on its way to becoming a global digital reserve asset.
The expert, who thinks that there is a lot of speculation in the crypto money markets in the current situation, recently suggested that big cryptocurrencies such as BTC should fall in order for meme cryptocurrencies like Dogecoin to shine. On the other hand, the expert says that Bitcoin is still in the price discovery process. He says that BTC is not playing a significant role in investors’ portfolios for now, but its adoption is accelerating.
What is the latest situation in BTC price?
Some days make it hard to find joy even when the crypto markets are up. However, losses since the outbreak of the war between Russia and Ukraine have largely recovered and markets are generally in the green on a daily basis. As so many times before, Bitcoin takes the lead by market cap and share weight of the leading cryptocurrency. Bitcoin (BTC) has essentially rebounded to levels before the conflict broke out, breaking above $39,000 for the first time since Wednesday last week. Bitcoin, which was traded at $ 39,300 at the time of writing, increased by 2.63 percent on a daily basis.
Meanwhile, there was no specific situation around regulatory frameworks either. European Union (EU) MP Stefan Berger, responsible for drafting the Markets in CryptoAssets (MiCA) crypto regulatory framework, announced that the European Parliament has postponed a highly anticipated vote on the package. A provision banning Proof-of-Work (PoW), the consensus algorithm that underpins the Bitcoin network, was included in the final draft version of MiCA.
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