Bitcoin projected to hit $100K by 2025

Bloomberg’s Senior Commodity Strategist Mike McGlone analyzed the current market and argued that Bitcoin will outperform all other assets in the world and hit $100 thousand by 2025.

According to McGlone, the great reversion is just getting started. The current market reflects the most significant inflation in 40 years, the first in most people’s lifetime. However, he also argued that once this period is over, Bitcoin will soar and become the best asset to hold in the world.

He described Bitcoin as the digital gold in a world going digital with increasing speed. Moreover, as its adoption increases drastically, its supply diminishes due to its code. Therefore, McGlone concludes that Bitcoin prices will only skyrocket in the following years.

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