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Bitcoin ($btc) investors are expected to accumulate the flagship cryptocurrency before its price skyrockets and hits $150,000, Bloomberg strategist Mike Mcglone told us, which is a well-known bitcoin bull.
During an interview with cryptocurrency influencer scott melker, mcglone stressed that he still believes the price of cryptocurrency flagship will leap in the future.
Warned traders that $btc could initially fall to $15,000 before moving to new highs.
Warned traders that $BTC might first descend to $15,000 before moving to new highs. He added:
This short-term bounce this year in January, that’s what I’m very concerned about – in every asset. According to what he said, It's a "matter of time" before the btc adds an "extra zero" to its price, and investors are "expected to build up," he said: this short-term rebound this year in January, It's the thing that concerns me the most – in all goods.
According to her, it's a "matter of time" before BTC adds "another zero" to its price, and investors are "supposed to build up."
And just want to be careful [so] people understand that if you’re buying $23,000 you can easily have to ride it down to $15,000 before you see another zero get added on to the back of that number. Notably, last year McGlone defended that Bitcoin’s price hitting $100,000 was just a “matter of time,” as both adoption and demand for the cryptocurrency are increasing.
McGlone has notably accurately predicted in November 2020 that the price of BTC would surpass its $20,000 mark and enter a parabolic rally in 2021. In particular, mcglone accurately predicted in November 2020 that the BTC price would exceed its $20,000 mark and enter a parabolic rebound in 2021.
