Claim: Bitcoin (BTC) will reach 100 thousand dollars!

Bloomberg Intelligence senior commodity strategist Mike McGlone argued that Bitcoin (BTC) will trade at $100,000 by 2025 once the current macroeconomic environment characterized by high inflation ends.

Speaking in a September 17 interview with Kitco News, McGlone noted that Bitcoin's (BTC) triggering of the rally will depend on increased adoption and demand. McGlone; "It's only a matter of time before Bitcoin reaches $ 100,000 for me. The basic fact is that adoption and demand are increasing, unless you expect it to reverse, which I don't think it will. It will continue to give value; it's just a matter of time right now," McGlone said. Cryptocurrencies will stand out! Bitcoin, and cryptocurrencies in general, are likely to top all asset classes in the current environment, he said. According to McGlone, cryptocurrencies have the added advantage of having the fastest growing technology. At the same time, McGlone compared the current market situation to the 2000 dot-com bubble. However, he pointed out that Federal Reserve policies are likely to play a key role in ending the current conditions. "The important thing is that crypto is the fastest horse in the race. They have the advantage of rapidly evolving technology and are looking to the future, which they will continue to appreciate. It's like the year 2000, everything is getting worse and actually even worse than 2000 because the bond market traded really well then," he added. Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!