Bloomberg Analyst: Bitcoin Is “Tiny” Now, But “Price Discovery Stage” Is Here

Bloomberg Analyst: Bitcoin Is “Tiny” Now, But “Price Discovery Stage” Is Here


Bitcoin is now worth nearly a full $15,000 more than it was during March of this year. But the events of Black Thursday and the realization that the world was forever changed, it has created the perfect storm for the cryptocurrency.

Now, with new money flooding in from an entirely different wealth class, Bloomberg senior commodities analyst Mike McGlone believes that the cryptocurrency is back in “price discovery stage,” and while the asset’ market cap is “tiny” now, it won’t be that way when the next cycle has completed. Here’s what this could mean for the next peak, and how it could break all expectations, even with expert predictions reaching as high as hundreds of thousands of dollars.

Bloomberg Senior Commodity Strategist: Bitcoin Has Returned To Price Discovery

Trending: GSA Starts The Transition Process To Biden After Threats To Family, Kids and Pets!

As the years pass and the pre-programmed Bitcoin bubble economics suck in new investors with each new wave, the size of the cryptocurrency’s network and its market cap will continue to

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Send this to a friend