Bloomberg predicts fresh crypto supercycle will push Bitcoin to $500,000
As Bitcoin surges past $42,000, Bloomberg says this is the start of a fresh crypto supercycle that will push #Bitcoin above $500,000. The price of Bitcoin rose higher Monday to a 19-month peak above $42,000. JUST IN: Bloomberg says this is the start of a fresh crypto supercycle that will push #Bitcoin above $500,000. — Watcher.Guru (@WatcherGuru) December 4, 2023 The surge comes as investors grow hungry for crypto exposure, as well as improving macroeconomic trends. Bitcoin is coming off its third month of gains, adding another 11% so far in December 2023. Furthermore, its market cap breached $800 billion on Dec. 4. Hence, Bloomberg analysts predict that predict ions for BTC will grow much more bullish, and see extraordinary surges for most crypto , with Bitcoin at the forefront. The speculation of Spot ETFs being approved in the coming months is fueling the hype for Bitcoin to reach $500,000. Experts anticipate that upon approval, with a Bitcoin Halving also sch...