Deutsche Bank Survey Shows BTC Hitting $100K
A recent study by Deutsche Bank revealed that approximately 25 percent of BTC investors predict the cryptocurrency’s price would surpass $100,000 in five years.
McGlone also evaluated the recent shift in opinion on the largest cryptocurrency in the world. He was questioned why it become a riskier asset after behaving for so long as a safe inflation hedge.
The Bloomberg analyst responded to the query by stating that this upswing is merely the “ripening” of a young technology and asset.
He notes that Bitcoin’s 260-day volatility is comparable to that of Tesla, Amazon in 2009, and gold in 1980.
A recent study by Deutsche Bank revealed that approximately 25 percent of BTC investors predict the cryptocurrency’s price would surpass $100,000 in five years.
McGlone also evaluated the recent shift in opinion on the largest cryptocurrency in the world. He was questioned why it become a riskier asset after behaving for so long as a safe inflation hedge.
The Bloomberg analyst responded to the query by stating that this upswing is merely the “ripening” of a young technology and asset.
He notes that Bitcoin’s 260-day volatility is comparable to that of Tesla, Amazon in 2009, and gold in 1980.