{"id":56245,"date":"2022-01-20T12:39:55","date_gmt":"2022-01-20T10:39:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56245"},"modified":"2025-09-04T05:26:32","modified_gmt":"2025-09-04T02:26:32","slug":"bloomberg-strategist-forecasts-bitcoin-price-to-reach-100000-in-2022","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bloomberg-strategist-forecasts-bitcoin-price-to-reach-100000-in-2022\/","title":{"rendered":"Bloomberg strategist forecasts Bitcoin price to reach $100,000 in 2022"},"content":{"rendered":"<p>Bitcoin is completing its transition to a safe-haven asset, a move that supports the price reaching $100,000 in 2022. This was stated by Mike McGlone, Bloomberg Intelligence&#8217;s senior commodities strategist, in an interview with Cointelegraph.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Which crypto assets will dominate 2022? | Bloomberg Analyst\u2019s crypto outlook\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/WUm-T8OVw0Q?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<p>According to McGlone, the sole obstacle on the path to this goal for the first cryptocurrency is the tightening of monetary policy by the <span data-descr=\"Federal Reserve System\" class=\"old_tooltip\">\u0424\u0420\u0421<\/span>.<\/p>\n<p>The regulator <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-slips-below-43000-as-fed-minutes-are-released\">plans to raise the federal funds rate<\/a> sooner and at a faster pace than previously anticipated. The move is linked to a strengthening economy and high inflation.<\/p>\n<p>The Bloomberg analyst explained that Fed policy would weigh on Bitcoin\u2019s price, as investors would likely gravitate toward fixed-income assets such as bonds. In his view, this is a short-term hurdle, and in 2022 Bitcoin\u2019s price will rise significantly.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Bitcoin is, in my view, at a unique stage of transition from risky to safe store of value. It is replacing gold, becoming a global store of value. Therefore I believe this [reaching the $100,000 milestone] will occur in 2022,<\/p>\n<\/blockquote>\n<p>McGlone added that bearish sentiment is a positive sign, signaling market consolidation.<\/p>\n<p>Earlier on The Wolf Of All Streets podcast, the analyst said that the Fed\u2019s actions will almost certainly &#8220;bring an end to the unbounded rise of stocks.&#8221; He noted that the market for digital assets would also suffer.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Expect A Market Correction With Bitcoin Coming Out Stronger | Mike McGlone, Bloomberg\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/xOcKer2Y1VA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>If you hold risky assets, you are fighting the Fed, and cryptocurrencies are the riskiest assets. The main thing to remember is that Bitcoin is the least risky among them. [\u2026] Here is my forecast \u2014 the economy will pull back, we will see a 10%-20% correction in the stock market. Bitcoin will benefit from this,\u201d McGlone said.<\/p>\n<\/blockquote>\n<p>The analyst is no stranger to <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-strategist-bitcoin-price-to-reach-100000\">forecasting Bitcoin\u2019s price to reach $100,000<\/a>. Earlier he shared an even more optimistic view \u2014 digital gold transforms into a low-risk reserve asset, thereby <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-strategist-bitcoin-could-reach-400000\">its price would rise to $400,000<\/a>.<\/p>\n<p>As noted in December, McGlone said he expects <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-strategist-predicts-mass-adoption-of-cryptocurrencies-in-the-united-states-in-2022\">mass adoption of cryptocurrencies<\/a> with proper regulation and a subsequent bull market in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is completing its transition to a safe-haven asset, which supports its price to reach $100,000 in 2022, according to Mike McGlone, Bloomberg Intelligence&#8217;s senior commodities strategist.<\/p>\n","protected":false},"author":1,"featured_media":56246,"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":[480,1138],"class_list":["post-56245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56245","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=56245"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56245\/revisions"}],"predecessor-version":[{"id":56247,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56245\/revisions\/56247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/56246"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=56245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=56245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=56245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}