Bullish predictions from experts for Bitcoin, gold, and blockchain; BTC expected to reach $100,000

According to some experts who predicted a crypto bull run would result in a rise in the value of bitcoin and gold by the end of the year and the eventual usage of blockchain by billions of people.

Source

Have you listened to what Bloomberg's Mike McGlone and Pantera Capital's Dan Morehead have recently said if glancing at your cryptocurrency portfolio is giving you the stomachache you experienced on a journey from London to Sydney (this is a genuine story).

As a result, you could be tempted to reconsider selling it and investing exclusively in the US dollar. Let's begin with Mike McGlone, a reputable senior commodity analyst at Bloomberg Intelligence, who was speaking with Kitco News. Due to the "Fed's sledgehammer," McGlone told the news source that despite his belief that the current crypto winter may endure longer than prior market falls, he anticipates a stronger-than-ever recovery for the sector.

Source

The analyst believes that by 2025, Bitcoin would reach a value of $100,000 and Ethereum will reach a value of $6,000. McGlone stated that he believes Bitcoin will soon reach $100,000. Unless you anticipate a reverse trend, the most important truth is that adoption and demand are rising. Just a matter of time will pass before it increases in value.

Until then, patience is a virtue, but according to McGlone, the US Federal Reserve will stop raising rates by the end of the year, which should lead to a surge in the price of gold and Bitcoin. According to the Bloomberg analyst, when the world was heading toward recession, central banks tended to raise rates.

The price of gold and its digital equivalent, Bitcoin, should rise as a result of lower commodity and risk-asset prices, which may be the only viable solution with deflationary repercussions.

Posted Using LeoFinance ^Beta