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Bitcoin could hit $100K, gold $2K in 2022 thanks to 'deflationary forces' — Bloomberg analyst
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$100,000 Bitcoin (BTC) and $2,000 gold could greet 2022 as global markets face “deflationary forces,” says Bloomberg Intelligence.
In a tweet on Dec. 9, Mick McGlone, a senior commodity strategist at Bloomberg’s research arm, forecast that next year would be good for both gold and BTC.
As inflation makes headlines worldwide this month, Bitcoin has faced criticism over its alleged role as a hedge thanks to its 39% drawdown from all-time highs.
As Cointelegraph reported, the latest U.S. Consumer
Read more on cointelegraph.comAbout this in other media
Analyst: ‘Deflationary forces’ present an optimistic outlook for BTC, ETH in 2022 ambcrypto.com /3 years ago
Trader who called 2017 Bitcoin price crash raises concerns over 'double top' cointelegraph.com /3 years ago
'Mecca of mining': Brazil considers zero tax on green bitcoin mining cointelegraph.com /3 years ago
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