Bloomberg senior strategist calls Bitcoin a global reserve asset on the path to $100K By Cointelegraph

0 3



Bloomberg senior strategist calls Bitcoin a global reserve asset on the path to $100K

Bloomberg’s senior commodity strategist Mike McGlone has doubled down on call for six-figure (BTC), arguing that the first-born cryptocurrency is well on its way to becoming a global reserve asset that complements the United States dollar.

The September edition of Bloomberg’s Crypto Outlook called $100,000 BTC and $5,000 Ether (ETH) the “path of least resistance” after the two assets survived a more than 50% correction through the summer.