Bitcoin will argue with gold for the title of the best asset of the year
Bloomberg analysts bet on growth bitcoin rate this year
Both Bitcoin and Gold won amid market panic and economic crisis
Bloomberg Bullish Forecast Will Strengthen Bitcoin’s Position As Digital Gold.
Bitcoin and gold now lay the foundations for a massive rally throughout the year. More addition, these two assets have already been among the growth leaders since the beginning of the year and beyond they are will only strengthen their position. By opinion experts, the economic crisis and other consequences of the COVID-19 pandemic, including the threat of inflation, will push investors to safe assets.
Following the publication of the report, senior analysts at Bloomberg the market Mike McGlone tweeted that bitcoin will continue to rise amid unprecedented incentives and cash injections from central banks. Expert, in fact, confirm the crypto enthusiasts mantra about Tom, that bitcoin – this digital gold.
Bloomberg already This is not the first time that parallels have been drawn between Bitcoin and gold. Previously in this analysts promised digital currency transition from the category of speculative assets to the caste of protective financial instruments.
A similar technical picture is observed at charts bitcoin. First digital coin moves within the $ 9 range 000-$ 10,000 since she got out of price pits in which it failed on Black Thursday in mid-March. At these levels, positions are accumulating, according to Bloomberg analysts, which forms the foundation for future growth..
“We are considering the main cryptocurrency like a resting bull. Something very serious must happen for him to change his course and stopped doing what I was doing great part his ten years of history – to move upward, ”the forecast says. “If the stock market will fall, gold and bitcoin will remain afloat “.
On moment writing an article BTC/ USD traded at $ 9440 s growth by 1.6% on a daily basis. Currency consolidates in a narrow range after large-scale movements at the beginning of the week. Recall that on Monday bitcoin crossed the $ 10,000 mark and tested a maximum of $ 10,414, but on Tuesday prices returned to the $ 9400 – $ 9600 range.
How are you think, can bitcoin become digital gold? Share with us with your thoughts in the comments and join to discussions in telegram channel.
All information, contained in our website, published on principles of good faith and objectivity, and also exclusively with familiarization aim. Reader bears full responsibility per any actions, committed by him on the basis of information, received on our website.