Analyst expects the United States to accept crypto with adequate regulation in 2022-sees refreshed Bitcoin bull market-markets and prices
Analyst expects the United States to accept crypto with adequate regulation in 2022-sees refreshed Bitcoin bull market-markets and prices
Analyst Mike McGlone from Bloomberg Intelligence shared his view for the cryptocurrency market in the future. "We expect the United States to introduce cryptocurrencies in 2022 with an appropriate regulation and the associated interest bulls," he said. The analyst found that "Bitcoin seems to be on a price of $ 100,000," added the analyst, that we will probably see "a paused, corrected and refreshed bull market".
outlook on the cryptom market and the price forecast of Bitcoin
Bloomberg Intelligence (BI) has published its crypto outlook 2022 last week. "Incentive by China's ban and the spread of revolutionary technologies such as crypto dollars and not fungible tokens (NFTS)," said Mike McGlone, Senior Raw Material Strategist from BI:
We expect the United States to introduce cryptocurrencies in 2022, with adequate regulation and the associated interest bully effects.
"The unlimited range of Fiat currency should maintain increasing prices, especially with Bitcoin and Ethereum, which only have a limited offer," he added. "We assume that wider acceptance will prevail and most wobble will overcome, such as the correction of almost 50 % in 2021."
In addition, "a certain normalization of the stock market returns and a continued decline in the returns of US state bonds on Bitcoin and Ethereum in portfolios could shine," remarked McGlone.
The analyst continued to share: “The key question, before the Bitcoin is shortly before the beginning of 2022, is whether it reaches its peak or just a consolidating bull market. We believe that it is the latter and see the benchmark crypto on the best way to become a global digital security in a world. USD and a resistance of $ 100,000 in 2022. ”
mcGlone described:
Bitcoin seems to be on a course of $ 100,000 ... A paused, corrected and refreshed bull market is, as we see that Bitcoin 2022 is approaching.
In relation to whether the price of btc $ 100,000, the analyst emphasized this as a matter of time, especially because of the economic Basics of increasing demand towards a falling supply. ”
Do you agree to the crypto view and the forecast of the analyst? Let us know in the comment area below.
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