• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What is Proof-of-Authority (POA) Consensus in Blockchain?

2025-05-10

What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

2025-05-09

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    2025-05-10

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    2025-05-09

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02
  • Market Cap
  • Shop
Crypto Semantic
Home»Analysis»Bloomberg Analyst Doubles Down on $100,000 Bitcoin (BTC) Prediction – But There’s a Big Catch
Analysis

Bloomberg Analyst Doubles Down on $100,000 Bitcoin (BTC) Prediction – But There’s a Big Catch

2023-07-24No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bloomberg Intelligence’s senior macro strategist Mike McGlone is doubling down on his $100,000 Bitcoin (BTC) prediction however says that the king crypto may encounter a significant setback on the best way.

In a brand new interview with crypto influencer Scott Melker, McGlone says that he nonetheless envisions the king crypto ultimately hitting a six-figure price ticket however warns it’d dip under the $20,000 degree en path to doing so.

“Keep in mind, I made the decision for [a] $100,000 Bitcoin when it was buying and selling under $20,000… I nonetheless follow that in the long run, however I feel it’s extra prone to drop 50% and get right down to $20,000, even make a brand new low earlier than it goes on that trajectory.”

To assist his prediction, McGlone factors towards Treasury payments paying out over 5% and the Federal Reserve’s persevering with financial tightening insurance policies.

“After I see issues like, I can get 5 and 1 / 4 in a Treasury invoice? Finished.

I have a look at the Case-Shiller index or the Home index. It simply was virtually on the highest ever proper earlier than like 2006, up 20%. Now it’s down 1%. That’s collapsing.

I have a look at the Fed nonetheless tightening and the very last thing that at all times often falls is the inventory market, simply have a look at your historical past.”

The Case-Shiller index is designed to trace modifications in actual property costs throughout the nation. The index hit its all-time excessive in June final yr and has been trending down since.

McGlone goes on to say that  BTC might not be capable of spark a bull run because of the macroeconomic surroundings.

See also  Bitcoin Price Blasts Past $41,500: Here Are The Reasons

“I’d like to be bullish [on] Bitcoin, however should you have a look at that worth proper now at $30,000, the primary time it traded (at) $30,000 was proper on the finish of 2020, proper the start of 2021. So it’s unchanged.

And should you have a look at the NASDAQ over the identical interval, it’s up 20%, but the volatility in NASDAQ is half that of Bitcoin.

So proper now, Bitcoin’s nice. It’s bought all these ETFs (exchange-traded funds) coming in. We now have the hopium for the ETFs, however the precise efficiency versus the NASDAQ – which has bought AI and every thing going for it – I have a look at it as [if] I’m disillusioned, and I feel the issue is I sense method [too] a lot bullishness, however but the macro may be very unfavorable. The Fed continues to be taking away the punch bowl.”

Bitcoin is buying and selling for $30,030 at time of writing, a fractional enhance on the day.

I

Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox

Test Value Motion

Observe us on Twitter, Fb and Telegram

Surf The Each day Hodl Combine

Generated Picture: Midjourney



Source link

Analyst Big Bitcoin Bloomberg BTC Catch Doubles Prediction
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin vs. Altcoins: What Are The Differences?

2025-02-26

What Can You Buy with Bitcoin? Everything You Need to Know

2025-02-14

Ethereum vs Bitcoin: Difference Between this Cryptocurrencies

2025-02-07

Uniswap (UNI) Price Prediction 2025 2026 2027

2025-01-08
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Analysis

Uniswap (UNI) on Cusp of Breaking Out Into Macro Uptrend, Says Crypto Trader – Here’s His Outlook

2023-11-28

A broadly adopted crypto analyst says that Uniswap (UNI) is on the verge of breaking…

NFT

JIGO leads NFTs for the second straight day with $1.64 million in sales

2024-03-29

Bitcoin’s JIGO BRC-20 NFTs topped the non-fungible token market within the final 24 hours with…

Blockchain

Polkadot Blockchain Academy Introduces Remote Learning Option

2024-03-18

The Polkadot Blockchain Academy (PBA) has introduced an thrilling addition to its instructional choices: PBA…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Orb Land shutdown proves almost no one cares about NFT utility

2024-07-09

Lido bulls unable to breach the $2.55 mark – what now?

2023-12-02

Leading NFT fractionalization infrastructure Fracton Protocol surpasses $3 billion in trading volume

2023-04-14

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$103,399.000.56%
  • ethereumEthereum(ETH)$2,434.086.11%
  • tetherTether(USDT)$1.000.02%
  • rippleXRP(XRP)$2.402.51%
  • binancecoinBNB(BNB)$651.752.86%
  • solanaSolana(SOL)$171.571.19%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 103,504.73
ethereum
Ethereum (ETH) $ 2,431.98
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.40
bnb
BNB (BNB) $ 650.89
solana
Solana (SOL) $ 171.40
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.227533
cardano
Cardano (ADA) $ 0.804147
tron
TRON (TRX) $ 0.259454