Bitcoin’s transition to a risk-off asset will propel it to $100K in
© Reuters.
Bloomberg analyst Mike McGlone is convinced is on track to reach $100K in 2022, as it completes its transition from a risk-on to risk-off asset.
While the Fed is planning to raise interest rates to fight inflation, risk-on assets like crypto may suffer, as people would likely prefer to invest in fixed-income assets like bonds.
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