Bloomberg Intelligence: Bitcoin May Rise To $100,000 In 2022

According to Bloomberg Intelligence analyst Mike McGlone, the global economy may face new deflationary shocks in 2022. They will provoke a rise in prices of bitcoins and gold.


In his tweet on December 9, Mike McGlone, senior commodities strategist at Bloomberg Research, predicted that the next year will be bullish for both gold and BTC. The reason for such a rise is high deflationary risk, which will push investors to look for new ways to preserve the value of their assets.

In 2022, the current inflationary pressures will give way to falling commodity and stock prices, McGlone said.

“Peaking commodities and the declining yield on the Treasury long bond point to risks of reviving deflationary forces in 2022, with positive ramifications on Bitcoin and gold.”

According to him, bitcoin can reach $100,000, with gold growing to $2,000 per ounce and oil falling to $50 per barrel.

In his previous tweet, McGlone drew attention to the fact that oil is now trading at a level similar to that observed immediately before the global financial crisis of 2008.

The consumer price index in the United States at the end of November 2021 amounted to 6.8%. This is the highest inflation rate in nearly 40 years, since 1982.

Via: 2Coinfox.info

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