Bloomberg: Bitcoin Is Set To Repeat “To The Moon” Scenario Of 2017
Bloomberg analysts concluded that Bitcoin has excellent chances to repeat the parabolic growth of 2017 and update the maximum price.
They believe that Bitcoin may behave by analogy with gold in 2008 during the crisis of 2020. That is, it will first fall along with the stock market, after which it will demonstrate strong growth and establish a new maximum price.
Note that Bitcoin was quickly bought up, which indicates the maturity of the asset after the collapse of the stock and cryptocurrency markets on March 12. Also, adjustable Bitcoin futures play a positive role, which reduces volatility and makes it more like gold.