![]() We see it as more of a question of time, notably due to the economic basics of increasing demand vs. The report also states: “Bitcoin appears to be on a trajectory for $100,000. It is more than just a digital version of gold. Bitcoin has more fundamental underpinnings than gold.It is likely that the key support is around $50,000 and key resistance at $100,000 in 2022.The report states that Bitcoin is simply in a consolidating bull market.Is the macro bull market for Bitcoin over? Bloomberg’s report also addressed the key question in everyone’s mind.Source: Shiba Inu ($SHIB) had a massive rally spurred by speculation but had since tumbled more than 60% Bitcoin’s Bull Market Shiba Inu and Dogecoin are clear indications that there are plenty of speculations in the crypto space.Bitcoin and Ethereum will continue to have a mainstay in the crypto ecosystem as others jostle for the top positions.Money managers are more at risk if there is no crypto allocation in their portfolios.We see this process playing a primary role in 2022, as money managers may face greater risks if they continue to have no portfolio allocations to cryptos.” Industry players are mostly in support of regulation as it brings clarity and will likely be the impetus for institutional onboarding.īloomberg adds in its report: “Past performance is no indicator of future results, but when a new asset class outperforms incumbents, naysayers have little choice but to join in. ![]()
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