$50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally
A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset.
On this edition of the weekly recap, NLW looks at the consolidating narrative of a bitcoin rally that is:
- Being driven by institutional investors
- Shifting the center of the industry from East Asia to North America
- Winning converts from major research houses and institutions
- Driving the price of bitcoin to new all-time highs