Yahoo Finance $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.
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This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch, Allnodes.
Related: Crypto Long & Short: Why Some Investors Get Bitcoin So Wrong, and What That Says About Its Strengths
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
This week on The Breakdown:
Monday | Bitcoin Hits a New All-Time High: What Happens Next?
Tuesday | Why a $631B Asset Manager Just Changed Its Mind on Bitcoin
Wednesday | Josh Brown on Bitcoin’s ‘Respectability Rally’ and Why We’ll See Dow 100,000 in Our Lifetime
Thursday | Why Stablecoins Are the First Battleground of the Coming Crypto Regulation Wars
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
