A new crypto outlook from Bloomberg suggests BTC could reach $50, in , topping off a month of major institutional momentum for the asset. Performance charts for WisdomTree Bitcoin (BTCW - Type ETF) including intraday, historical and comparison charts, technical analysis and trend lines. Nov 20, · As Bitcoin gets closer to its previous all-time high, an analyst from Bloomberg said he’s bullish on what’s next for the benchmark cryptocurrency’s future price and even predicted a $,
Bloomberg markets bitcoinBitcoin Price Prediction: BTC May Reach $, By , Bloomberg Strategist Says
First, historic declines in equity markets because of the virus didn't spill over to bitcoin, as a brief dip in the cryptocurrency was "promptly rejected," Bloomberg said. And third, new quantitative-easing policies from central banks around the globe are "helping independent stores-of-value such as gold and bitcoin," Bloomberg said. Bloomberg joins other influential investors in being bullish on bitcoin, including the hedge-fund manager Paul Tudor Jones and the billionaire investor Chamath Palihapitiya.
He breaks down his 3-part process for deciding which stocks to buy — and what to bet against. Matthew Fox. The firm sees bitcoin breaking away from other cryptocurrencies and says the digital currency has increasingly favorable fundamentals and technicals. Bloomberg says that the same forces pushing gold higher also support bitcoin and that the coronavirus is accelerating bitcoin's maturity relative to the stock market. Visit Business Insider's homepage for more stories.
Indices in This Article. The original cryptocurrency again had commentators eating their words in -- yours truly included. Michael Bucella, partner at BlockTower Capital, joins BNN Bloomberg to discuss the cryptocurrency markets and how institutions - not retail investors - are leading the charge in the recent rally in Bitcoin.
The U. Treasury Department said Friday it is proposing new requirements involving convertible virtual currencies that would require banks and other intermediaries to maintain records and submit reports to verify customer identities for certain transactions. He also speaks on where he believes the future of this digital currency is headed. Greg Newman, senior wealth advisor and portfolio manager at Scotia Wealth Management discusses Bitcoin.
BNN Bloomberg's Anne Gaviola reports on the cryptocurrency's latest rally and what risks could lie ahead. Coinbase Global Inc. Securities and Exchange Commission to go public.