Bloomberg Intelligence senior strategist Mike McGlone said on his Twitter page that Bitcoin will continue to move towards $ 100,000. In his opinion, the most famous cryptocurrency in the world is still in a bull market, when there are more buyers than sellers.
He also added that overconsumption of energy was the main reason for the recent bitcoin price adjustment. This week, SpaceX and Tesla founder Elon Musk held a meeting with North American Bitcoin miners to discuss the use of renewable energy sources for cryptocurrency mining.
After this information, the price of bitcoin exceeded $ 40K. At the time of publication of this note, the rate fell below 38 thousand dollars.
Billionaire investor and founder of investment firm Bridgewater Associates, Ray Dalio, said he prefers bitcoin over bonds and added that bitcoin could crush government financial controls. Last week, the Bitcoin price briefly dropped to $ 30,000.