Bitcoin transmuté en or 2.0 ? – As a major media specializing in financial markets and economic information, Bloomberg is closely followed by traditional financial players. And one of the latest analyzes from its senior analyst is nothing short of rave regarding the future of Bitcoin (BTC).
Could the year 2022 see Bitcoin settle down?
The mainstream media have rarely (not to say never) shown very favorable to bitcoin and cryptocurrencies. But with their ever-increasing adoption, the dizzying proliferation of their use cases, and above all their landing increasingly evident in the traditional finance, the discourse begins to change a little.
Mike McGlone is a senior commodity market analyst (commodities) for Bloomberg. In one interview granted to Cointelegraph, the expert explains that he is convinced that Bitcoin will become a real digital gold if its prices begin to stabilize:
“Bitcoin is in a unique phase, I think, of transitioning from a risky to non-risky asset of global digital store of value. Which will make it replace gold and become a global guarantee. I think it will happen this year. »
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A drop in volatility that would take BTC to $100,000
If Bitcoin succeeds in this transition from an asset deemed risky – due to its volatility – to a more stable risk-free asset, Mike McGlone shows up very optimistic for its valuation.
This would indeed allow the price of BTC to rise, according to him, gradually until 100 000 dollars during this year 2022 – which would still represent a significant variation in +135 % from the current price of $42,500.
The commodities specialist also mentions the case ofEthereum (ETH). It shows up like this very enthusiastic for the future of the first of the altcoins, in particular by its predominant position in the sectors of the decentralized finance (DeFi) and the tokens non fongibles (NFT).
Coming back to Bitcoin, we can indeed think that it will emerge even more clearly as a store of value this year. Indeed, it is very likely that with inflation that is becoming more and more irrefutably worrying, its fixed and limited supply of 21 million units might appeal to those who fear the depreciation of dollars and other fiat currencies.
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