Another analyst from Bloomberg gave his forecast for the future prospects of Bitcoin (BTC) .
Michael McGlone, in an interview with another expert, Abigail Doolittle, said that Bitcoin should not only take the psychological mark of $ 20,000, but also significantly exceed it. He is confident that the main driver of coin growth was the launch of the Libra cryptocurrency project , initiated by Facebook.
The world's largest social network has not only announced the release of its own token for cross-border payments, but has already managed to submit a cryptocurrency wallet for storing these coins. This Facebook move shook up investors and made them pay attention to the cryptosphere.
An important event for BTC was also the overcoming of strong resistance at the level of $ 6500. The coin not only withstood the pressure, but also became aggressively strengthened, benefiting from the support, including institutional investors, as evidenced by data on trading in bitcoin futures on the CME platform.
Now BTC is preparing to make a new “bull run”, the result of which could be taking much higher marks than we had predicted earlier, McGlone believes.
Publication date 28.06.2019
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