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Mike McGlone: "Ethereum's move to PoS will be the main catalyst for the growth of ETH"

Mike McGlone | The Bloomberg exchange strategist

The Bloomberg exchange strategist is sure that the successful transition of the Ethereum network to the Proof-of-Stake consensus algorithm laid the foundation for a steady growth in the rate of the second largest cryptocurrency by capitalization. 

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Mike McGlone: Bitcoin will rise to $100,000 in the future

Mike-McGlone-Bitcoin-will-rise-to-100k Mike McGlone | A senior commodities analyst at Bloomberg Intelligence

A senior commodities analyst at Bloomberg Intelligence called for attention to the decline in Bitcoin volatility as a signal of its imminent growth. Mike McGlone, in an interview with crypto blogger Scott Melker on Wolf of Wall Street, opined that Bitcoin is now laying the groundwork for a quick spurt that will "send it to the moon." 

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Mike McGlone: Bitcoin prepares to jump to $ 70,000

Mike-McGlone--Bitcoin-prepares-to-jump-to--70k Mike McGlone | Bloomberg Senior Commodities Strategist

Bloomberg Senior Commodities Strategist Mike McGlone said that the bull market for Bitcoin is not over and BTC could reach $ 70,000 in the near future. During The Tape podcast with Bloomberg hosts Paul Sweeney and Sonali Bazak, the analyst shared his positive outlook on the market cryptocurrencies. 

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Changpeng Zhao: cryptocurrencies are the future of the global financial system

Changpeng-Zhao-cryptocurrencies-future Changpeng Zhao | Binance Founder

The founder of the Binance cryptocurrency exchange, Changpeng Zhao, suggested that institutions pay attention to cryptocurrencies. In an interview with Bloomberg, Binance CEO Changpeng Zhao stated that many institutional investors are wary of investing in cryptocurrencies as it is too risky. But given the growth of the market, he invites all large companies to pay attention to cryptocurrencies. 

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Bloomberg analyst: Bitcoin could reach $ 20,000 this year

Bloomberg-analyst-Mike-McGlone Mike McGlone | Bloomberg analyst

Bloomberg analyst Mike McGlone believes that Bitcoin has every chance of reaching $ 20,000 this year and updating its all-time high.

In his article, McGlone writes that technical and fundamental factors increasingly indicate a positive development for Bitcoin. So, Bitcoin is becoming an increasingly popular investment tool, the number of open positions in futures continues to grow. The attitude towards cryptocurrencies among institutional investors is changing.

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Bloomberg predicts Bitcoin rate correction observed in recent days may continue

Bloomberg-Bitcoin-rate-correction-may-continue Bloomberg predicts Bitcoin rate correction observed in recent days may continue

May was very successful for the first cryptocurrency - the Bitcoin rate rose by 60%, however, Bloomberg analysts believe that the correction observed in recent days not ended.

According to analysts, GTI Vera Convergence-Divergence indicator, which tracks positive and negative trends, points to a continuation of the fall. For the first time since April, the indicator issued a signal to sell the first cryptocurrency.

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Zhao Dong: “Bitcoin will be below $ 6,000 for most of 2019”

2-Zhao-Dong-Bitcoin-will-be-below--6000 Zhao Dong | Chinese cryptocurrency billionair

Chinese cryptocurrency billionaire Zhao Dong expressed the opinion that the "bearish" market is not over yet and the rate of Bitcoin will not exceed the mark of $ 6,000 for most of 2019.

Zhao Dong believes that the price of Bitcoin will be within the channel $ 4,000- $ 6,000 at least until October of this year. As for the recent rise in the price of the first cryptocurrency, the rate is still in this channel.

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