Bloomberg is BULLISH AS HELL on Bitcoin

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!

submitted by /u/heist95
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