Today news
About the same in other media
Bitcoin could hit $100K, gold $2K in 2022 thanks to 'deflationary forces' — Bloomberg analyst
Reading now: 199
$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 Price Index (CPI) data is due Friday, with analysts presuming that inflation will have sharpened 6.7% year-on-year.
Next year could be very different, McGlone argues, as inflationary pressures give way to declining commodity prices and equities.
“$100,000
Read more on cointelegraph.comAbout this in other media
Analysts expect Bitcoin trend change after Fed lays out its 2022 roadmap cointelegraph.com /2 years ago
Bitcoin could become ‘worthless’, Bank of England warns theguardian.com /2 years ago
US ‘Could Hit El Salvador’s Chivo Bitcoin Wallet with Sanctions,’ Claims NGO cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
