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Tag Archives: Mike McGlone

Mike McGlone: Bitcoin Will Hit $100,000

The prices of many cryptocurrencies continue to suffer. Bitcoin, for example, has fallen by more than two percent since the beginning of last week. In addition, Ethereum has dropped by more than six percent, while BNB is down by more than seven percent. Could Bitcoin Hit a Six-Figure Number in 2022? Several analysts think that this is going to continue through the first portions of 2022. Many banks are beginning to talk about hiking interest rates and engaging in other...

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Ethereum and Other Assets Surge; Could a $3 Trillion Crypto Market Cap Be Close?

Many crypto analysts believe the digital currency space is likely to hit $3 trillion in the coming weeks given how many assets – including Ethereum, Solana and Binance’s BNB Coin – have experienced heavy price surges. Ethereum and Other Assets Are Pushing Ahead These, along with several other currencies, have experienced “double-digit” gains over the past few weeks. In addition, bitcoin has been scaling back, which has ultimately given many of the world’s smaller tokens...

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Mike McGlone Sees Bitcoin Hitting $100K in October

Bitcoin is recuperating from the recent losses it incurred thanks to China. The nation has become the biggest as of late to rock the crypto world by ending all bitcoin transactions and declaring the digital currency and all its counterparts illegal. Bitcoin Is Headed for the Stars However, it looks like bitcoin has survived the aftermath and after falling to about $42,000 per unit, the currency is trading once again above $43K. In addition, smaller coins – such as...

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Mike McGlone: Ethereum Will Soon Eclipse BTC

Crypto analyst Mike McGlone is predicting that Ethereum, at some point, will likely eclipse bitcoin and become the number one digital currency by market cap. Mike McGlone Thinks Highly of Ethereum As a senior commodity strategist for Bloomberg, McGlone has been following cryptocurrencies for a long time just like the rest of us. In a new report, he details why Ethereum – still only the second largest digital currency in the world at the time of writing – could...

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Mike McGlone: Bitcoin Could Reach $400K This Year

Bitcoin has surged like no other asset. The currency is presently trading for about $58,000 – just $3,000 shy of its all-time high. However, while this may all sound dandy at first, there are many analysts out there who seem to think this is just the tip of the iceberg. They claim that bitcoin is going to continue skyrocketing this year – so much so that it may end up reaching $400K per unit by the end of 2021. Bitcoin Is Likely to Spend the Rest of the Year Increasing...

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Mike McGlone: Bitcoin Likely to Hit $170,000 In Two Years

Bloomberg’s Mike McGlone has emerged to mention that the price of bitcoin could potentially reach $170,000 come 2022.McGlone Is Always There When Bitcoin SpikesMcGlone is a leading expert when it comes to bitcoin and the price trends its follows. He commented in a recent interview that over the past year, bitcoin has followed a specific pattern of adding a zero to its price following every 12 months. For example, he comments that bitcoin ended 2019 in the $7,000 range. Now, it is trading for...

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Mike McGlone: BTC Could Hit Six Figures in Five Years

Mike McGlone of Bloomberg has stated that bitcoin can potentially reach the $100,000 mark over the next five years as it gets closer to becoming a store of value instead of a payment currency.McGlone: $100K Could Be Here SoonOver the past seven months, something rather strange and intriguing has happened with bitcoin. For a long time, the agenda of crypto serving as a payment system has been pushed with little to no success. While there are a few platforms out there that accept BTC as a...

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Analysts Differ Regarding Where Bitcoin Should Be

So, where should bitcoin be at the present time, exactly? This appears to be a heavy argument that analysts are having. They are split right down the middle when it comes to deciding if bitcoin should be bullish or bearish.Bitcoin Is Bearish, but Perhaps It Should Be Higher?The currency has not had a good month in September. While most of August saw the asset climbing up towards the $12,000 mark – the currency ultimately hit $12,400 by the time the month ceased – bitcoin has spent the last...

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Mike McGlone: Bitcoin Will Reach Half a Billion or Completely Fail

With the latest bitcoin crash making headlines, many analysts are sharing their opinions on social media and on related platforms to try and give traders and crypto enthusiasts an idea of where the currency will potentially go in the coming weeks and months.Mike McGlone on Bitcoin: Where Will It Go?Recently, the Winklevoss Twins stated that bitcoin could reach a price of $500,000 in the future. They laid their case out, and it appears to be a very solid case considering Bloomberg analyst Mike...

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Could Bitcoin Drop All Over Again in the Next Few Weeks?

Bitcoin has exploded in recent days, jumping all the way to the $7,000 mark for the second time in a month. This is a solid improvement over where it stood just last week, and yet some are predicting that things are about to fizzle out all over again.Bitcoin May Take Another DipThis seems to be a running theme in the bitcoin arena. While BTC does well and many people seem to jump on board, there are others that refuse to see the light. Many still view bitcoin as a failing asset that has yet...

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