Bloomberg intelligence strategist: Bitcoin price may fall back to $10,000, market expectations have been digested
According to BlockBeats, on December 17, Bloomberg intelligence strategist Mike McGlone stated that Bitcoin is facing a return pressure, and the price is expected to fall back to near $10,000. Strategy founder Michael Saylor recently said at an event of the Miami Economic Club that we are buying Bitcoin with money we can’t afford to lose.McGlone stated that Saylor pushed Bitcoin's price up tenfold in 2020. Many things the market expected have happened: the emergence of ETFs, U.S. leaders recognizing the benefits of Bitcoin, and mainstream acceptance. Now, the number of cryptocurrencies on CoinMarketCap has reached 28 million, and the short-term risk-return structure has changed.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.