{"id":48971,"date":"2021-09-06T16:23:00","date_gmt":"2021-09-06T13:23:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48971"},"modified":"2025-09-02T10:16:19","modified_gmt":"2025-09-02T07:16:19","slug":"bloomberg-strategist-projects-bitcoin-to-reach-100000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bloomberg-strategist-projects-bitcoin-to-reach-100000\/","title":{"rendered":"Bloomberg strategist projects Bitcoin to reach $100,000"},"content":{"rendered":"<p>Bloomberg Intelligence senior commodity strategist Mike McGlone believes Bitcoin will reach the $100,000 level and become a global reserve asset.<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p lang=\\\"und\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/t.co\/9mAVEHENxo\\\">https:\/\/t.co\/9mAVEHENxo<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 Mike McGlone (@mikemcglone11) <a href=\\\"https:\/\/twitter.com\/mikemcglone11\/status\/1433790170105630738?ref_src=twsrc%5Etfw\\\">September 3, 2021<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\\n\\n<\/p>\n<p>In a September Bloomberg Crypto Outlook report, McGlone named the $100,000 level for Bitcoin and $5,000 for Ethereum &#8216;the path of least resistance&#8217;.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;Crypto assets are entering a renewed bull market in the second half of the year after a sharp pullback from previous highs,\\&#8221; noted the Bloomberg strategist.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>He also said that investment portfolios that omit Bitcoin or Ethereum are vulnerable.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>We foresee Bitcoin&#8217;s future as a digital reserve asset, complementing the dollar,\\&#8221; concluded McGlone.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>In early August he <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-strategist-bitcoin-price-to-reach-100000\">noted<\/a> strong support for Bitcoin and Ethereum in recent months and the start of the growth phase for these assets. That same period he forecast Bitcoin to $100,000, and later <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-strategist-says-ethereum-could-hinder-bitcoins-path-to-100000\">named<\/a> Ethereum the main obstacle to this.<\/p>\n<p>\\n\\n<\/p>\n<p>In September McGlone <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-strategist-rising-usdt-transactions-boost-the-dollars-value\">stated<\/a> that the growth in dollar-pegged stablecoin transactions boosts the value of the U.S. dollar.<\/p>\n<p>\\n\\n<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 news on cryptocurrencies, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg Intelligence senior commodity strategist Mike McGlone believes Bitcoin will reach the $100,000 level and become a global reserve asset.<\/p>\n","protected":false},"author":1,"featured_media":48972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1138],"class_list":["post-48971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48971"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48971\/revisions"}],"predecessor-version":[{"id":48973,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48971\/revisions\/48973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48972"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}