In another move to the mainstream for bitcoin, financial information giant Bloomberg will now show prices and social media news on its terminals.
The crypto investment landscape transforms as Bitcoin ETFs accumulate over $123 billion in assets since January approval, while analysts project a strategic expansion of crypto ETFs in 2025, potentially reshaping market dynamics.
CZ noted that these defamatory statements were deliberately written to malign him and mislead readers into believing that they engage in illegal or unsavory activities.
Now, with adding 40 more cryptocurrencies, Bloomberg Terminal offers intraday pricing for 50 crypto assets, indices, and futures contracts in real-time.
Calling the integration a way to provide cutting-edge capabilities for its clients, Elwood said that it was pleased to deliver its services to Bloomberg AIM.
The new index will keep a check on nine DeFi tokens for starters, and work as the basis for Galaxy’s passively managed fund.
Mike McGlone noted that Bitcoin would soon catch up with Ether’s performance amid rising institutional adoption and strong accumulations by the whales.
With three years left on the forecast, popular analyst PlanB and Bloomberg strategist Mike McGlone have stated confidence in a continuing BTC uptrend.
Bloomberg analyst Mike McGlone writes that despite nearly 50% correction, Bitcoin fundamentals remain strong as BTC is forming a base around $30,000. The strategist also expects a Bitcoin ETF approval ahead this year.
According to Bloomberg, Bitcoin price has an upper hand in comparison to Gold based on underlying factors.
Bitcoin is said to maintain its steady rise and more than double from its current price to about $50,000 in 2021 says Bloomberg in their monthly report.
At the time of writing this piece, Joe Biden had amassed 50% of the votes totaling 72,130,179 votes while incumbent President Trump has 48% or 68,648,006 of the total votes counted by now.
Bloomberg expects BTC to jump over $15,000. The company based its reasonings on fundamentals like Bitcoin’s rising hash rate and also the 30-day average of active Bitcoin addresses.
According to Garlinghouse, with its crypto ban, India is likely to miss out on a technology that can serve its huge population with much ease and fairness.
The “August Crypto Outlook” by Bloomberg revealed that the Bitcoin rally is more trustworthy than that of Ethereum, which is said to be “more speculative”.
Bloomberg suggests that Bitcoin price is sixfold that of gold per ounce. It further cited that Bitcoin is undervalued under prevailing conditions.