DiscoverCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News703: $100K BITCOIN EARLY AS NEXT MONTH SAYS BLOOMBERG ANALYST AS GOLD INVESTORS MOVE TO BTC AND ETHEREUM!
703: $100K BITCOIN EARLY AS NEXT MONTH SAYS BLOOMBERG ANALYST AS GOLD INVESTORS MOVE TO BTC AND ETHEREUM!

703: $100K BITCOIN EARLY AS NEXT MONTH SAYS BLOOMBERG ANALYST AS GOLD INVESTORS MOVE TO BTC AND ETHEREUM!

Update: 2021-09-23
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Gold is experiencing outflows as investors embrace cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), according to Bloomberg commodity strategist Mike McGlone.

The commodity strategist predicts a $100K BTC price as early as October as a result of a futures-based Bitcoin exchange-traded fund (ETF), a financial product that provides exposure to the flagship cryptocurrency via derivatives, could be launched by the end of next month.

“… potentially by the end of October. But [as] a futures-based ETF, kind of the way you track most commodities. … So it’s just a matter of time.

[U.S. Securities and Exchange Commission chair Gary] Gensler even hinted at that. It’d be a nice little baby step for the SEC. So it makes sense.”

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703: $100K BITCOIN EARLY AS NEXT MONTH SAYS BLOOMBERG ANALYST AS GOLD INVESTORS MOVE TO BTC AND ETHEREUM!

703: $100K BITCOIN EARLY AS NEXT MONTH SAYS BLOOMBERG ANALYST AS GOLD INVESTORS MOVE TO BTC AND ETHEREUM!

Justin Verrengia