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Bitcoin to Continue Appreciating As Supply Falls and Demand Rises: Chief Bloomberg Strategist

Bitcoin to Continue Appreciating As Supply Falls and Demand Rises: Chief Bloomberg Strategist



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  1. tldr; Bloomberg’s Chief Commodity Strategist Mike McGlone has said that Bitcoin is still in a price discovery mode. He added that the circulating supply of the world’s largest digital currency is falling and the demand for Bitcoin keeps growing. The economic recession pushed multiple financial institutions and retail investors to embrace Bitcoin this year as a hedge against inflation.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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