„Easier Bitcoin to reach US$ 50,000 than fall to US$ 20,000,“ says Bloomberg analyst

In October 2020, to speak that Bitcoin would reach the US$ 50 thousand mark could be a high bet, today, however, McGlone’s forecast seems to be conservative.

With the turn of 2020 to 2021 Bitcoin maintained all the strength it had been carrying during the end of last year. It not only passed the US$ 30 thousand mark, but continued to climb and now beat the US$ 40 thousand mark for a short period, just before correcting.

For one of Bloomberg’s strategists, this new mark will be a new support, with much more chances of the digital currency reaching $50,000 than returning to $20,000.

With the recent move, Bitcoin continued to break price records, being well above its level in 2017. For many this is a normal move, expected months after halving, as had already happened in previous years.

For Mike Mcglone, a senior strategist at Bloomberg, there is a much better chance that Bitcoin will reach $50,000 than to return to lower levels.

„January Cryptomites Overview: Bitcoin may be better than gold – Cryptoactives in 2021 are initially dealing with Bitcoin’s lower chances of revisiting other prices around $20,000 vs. the currency’s growing potential to stay on track for $50,000 and a market capitalization of almost $1 trillion“.

While Bitcoin’s recent upswing may be a mystery to most, with some talking about the effects of halving and others „blaming“ the FOMO and the current financial crisis, the digital currency continues to break its resistance levels.

In October 2020, talking that Bitcoin would reach the $50,000 mark could be a bet too high today, however, McGlone’s forecast seems conservative.

If the cryptomoeda maintains the high it is, it could reach US$ 50 thousand in a matter of days. This would be an increase of a little less then 30%, but on the first 7 days of 2021 the active has valued more then 40%, proving to be able to reach the goal.

Complementing McGlone’s comment, during 2020, mainly after the global crisis, Bitcoin Trend App proved to be superior to the gold valuation, having performed better than the precious metal.

Here in Brazil it is no different, with the endemic valuation of the real in relation to the dollar, today Bitcoin is being quoted at around R$ 220 thousand, a truly surprising value for all investors.

But of course, it is worth to remember that, just as there are chances of the digital asset reaching 30% valuations, it can also fall by the same percentage, or more. Therefore, every investment requires study.

A cobertura positiva da Newsweek sobre o Bitcoin ressalta a mudança de paradigma na percepção do público

A publicação analisa se o Bitcoin se tornará o novo padrão ouro.

A Newsweek, uma das maiores revistas de notícias semanais americanas, deu uma olhada positiva no Bitcoin ( BTC ) em um artigo recente que explora se o ativo digital pode se tornar o novo padrão ouro.

O artigo, que apareceu na quarta-feira, disseca a narrativa digital do ouro usando o modelo mais recente do JPMorgan Chase, mostrando um preço potencial do BTC de US $ 146.000 . Embora o artigo apresente poucas informações novas para os entusiastas da criptografia que estão mapeando a ascensão meteórica do Bitcoin, ele fornece mais validação de que a narrativa dominante em torno da criptomoeda mudou.

“Nem tudo que reluz é ouro – mas pode ser Bitcoin”, escreveu Scott Reeves. “E, a longo prazo, pode ser mais valioso.”

Essa é a mensagem que apareceu antes dos leitores da Newsweek, que está indexada em dezenas de milhões, muitos dos quais nunca foram expostos ao Bitcoin.

No início desta semana, o Bitcoin estampou a primeira página do Financial Times – no 12º aniversário do bloco de gênese, nada menos – oferecendo mais evidências de que o mainstream não pode mais ignorar o BTC.

Nesse ínterim, mais investidores estão inundando o mercado, como evidenciado pelo forte aumento de endereços ativos e crescente interesse de empresas e grandes instituições

Os novos usuários estão entrando no Bitcoin no longo prazo , possivelmente pelos próximos três a cinco anos, pelo menos, de acordo com o podcaster Peter McCormack. Sonny Singh, diretor comercial da BitPay, compartilha desse sentimento, mas recentemente argumentou que outro aumento no preço do BTC poderia levar à realização de lucros institucionais.

As tendências de pesquisa do Google sugerem que o varejo FOMO, ou medo de perder, está aumentando no ano novo – um precursor potencial para preços mais altos no curto prazo.