Bloomberg Intelligence issued its June 2020 Crypto Outlook, and it’s more bullish than ever before. Some quick highlights:
- “Something has to go really wrong for Bitcoin to not appreciate”
- Compared BTC to gold, furthering and legitimizing the digital gold narrative
- Highlighted inflows into GBTC and record-high CME futures volume as evidence of increasing institutional interest
- predicted a return to $20K ATH this year
I wrote a quick summary and gave my opinion on why this matters here if you’re interested!