Top Bloomberg Analyst Says Bitcoin (BTC) Should Add Another Zero To Price – But There’s a Catch

Top Bloomberg Analyst Says Bitcoin (BTC) Should Add Another Zero To Price – But There’s a Catch


Bloomberg Intelligence senior macro strategist Mike McGlone says Bitcoin (BTC) is likely to hit six figures, but the timing of such a rise remains unclear.

In a new interview with crypto influencer Scott Melker, McGlone warns traders that the price of the king crypto is likely to dip down to the $15,000 price level before making a run to new all-time highs.

The analyst likens the adoption rate of BTC to that of the first iteration of the internet, saying that he envisions the top digital asset by market cap booming to six figures sometime in the future, adding that investors should currently be “accumulating.”

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“As far as demand, adoption, it is just so early days. It’s like [the] internet 20 years ago. Macro big

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