Bloomberg Predicts Crypto Supercycle: Bitcoin Price#BTC🔥🔥 Rally to $500K
The recent surge in Bitcoin (BTC) price could be the beginning of a new crypto supercycle that propels the world’s largest cryptocurrency to an astonishing $500,000.
Enthusiasts believe that the recent surge in BTC price, which saw the leading cryptocurrency surpass $42,000, is indicative of a new monetary order that is captivating Wall Street and the digital-assets community, according to a Monday report from Bloomberg.
The excitement surrounding Bitcoin’s rally has fueled optimistic predictions about its future gains.
The prophecies for how high the coin could go spanned anywhere from $50,000 in the immediate term, to above $530,000, the report noted.
“It’s getting crazy again. Those kinds of comments show just how quickly sentiment can change for this asset class,” said Matt Maley, chief market strategist at Miller Tabak & Co.
Bitcoin has experienced a remarkable revival in 2023, gaining over 150% so far this year.
