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  4. Crypto Analyst Drops Facts On How Bitcoin Will Hit $100K
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Crypto Analyst Drops Facts On How Bitcoin Will Hit $100K

Analyst — Mike McGlone, explains how Bitcoin will hit $100,000, eventually. He states renewable energy for mining and Bitcoin halving as reasons for this possibility. Also,...
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Crypto Analyst Drops Facts On How Bitcoin Will Hit $100K © Reuters. Crypto Analyst Drops Facts On How Bitcoin Will Hit $100K

  • Analyst — Mike McGlone, explains how Bitcoin will hit $100,000, eventually.
  • He states renewable energy for mining and Bitcoin halving as reasons for this possibility.
  • Also, he believes that Bitcoin’s supply is dwindling and the time for Bitcoin demand will rise.

Many Bitcoin price analysts believe that the price of Bitcoin will reach $100,000. One among them is Mike McGlone. He believes this is inevitable and explains why in a newsletter.

In particular, McGlone compares the performance of Ethereum by stating how the crypto has outperformed Bitcoin repeatedly. However, despite this fact, Bitcoin continues to take the lead. This is due to its vast market cap which is double that of Ethereum.

Moreover, McGlone believes that $100,000 is actually ‘tame’ for Bitcoin. He mentions how the price advance to May 24 is a ‘round error’. He contin...

This article was first published on coinquora.com

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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