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A new report from Bloomberg Intelligence suggests the Bitcoin price may soon approach $100,000 per BTC should historical trends continue.
The intelligence report stated, “What’s changed in about three years is sufficient to sustain more of the same for most of Bitcoin’s history – rising prices. Supply is declining while demand and adoption are rising in most countries that welcome open discourse and free-market capitalism.”
“Supply is declining while demand and adoption are rising in most countries.”
In other trending Crypto News today: ConsenSys founder and Ethereum co-founder Joseph Lubin has implied that Ether (ETH) is transitioning to “ultrasound money” status ahead of the London hard fork slated to activate around 12:30 pm UTC on Thursday.
“The second step that’s in full play right now is the democratization of the global decentralized finance system. And this step is the introduction of something that people are calling ultrasound money.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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