HomeCoinsEthereum (ETH)Bloomberg Intelligence Report: Bitcoin Price 'On Track' for $100,000

Bloomberg Intelligence Report: Bitcoin Price ‘On Track’ for $100,000

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Bloomberg Intelligence Report: Bitcoin Price 'On Track' for $100,000

This month’s “Bloomberg Crypto Outlook” reports a bullish future trajectory for Bitcoin, stating “we see performance parallels that could get the benchmark crypto back on track toward $100,000.”

The intelligence report stated, “What’s changed in about three years is sufficient to sustain more of the same for most of Bitcoin’s history — rising prices. Supply is declining while demand and adoption are rising in most countries that welcome open discourse and free-market capitalism.”

The report notes that “Bitcoin is becoming digital gold in a world going that way,” and that “Free-market capitalism is on the rise via digital assets and unless enduring trends reverse, the U.S. dollar and Bitcoin stand to be primary beneficiaries.”

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