The most recent increases in the Bitcoin price have led to one question in particular. What happens if the all-time high is exceeded?. At this point, there is widespread speculation and interpretation of BTC\u2019s all-time high. While some say that it ends at USD 50,000, some voices consider a Bitcoin rate of 150,000\u2013300,000 Dollars.One of those voices comes from top Bloomberg senior analyst Mike McGlone, who typically focuses on commodities trading.Bitcoin price at 180,000 USD according to Bloomberg Analyst. Is the Bitcoin price able to reach six-digit price targets?. The answer, according to Mike McGlone, is definitely yes.In an interview with Bloomberg TV, the senior analyst spoke about the historical Bitcoin performance, which he uses as the basis for a future forecast of the Bitcoin price.$ 20,000 is a some resistance in short term. I\u2019m afraid Bitcoin will do exactly what gold did. It reached $ 2,000 and then consolidated despite a bull market.But despite worries that BTC will go sideways before it hits its all-time high, McGlone sees better chances for a new all-time high in 2021. He further said:The thing is this, Bitcoin just added a \u201c1\u201d to the price this year. At the beginning of the year, Bitcoin was at $ 7,000. Next year it could well be that a \u201c0\u201d will be added at the end.Accordingly, the analyst estimates that the Bitcoin price can achieve a price growth of a factor of 10x from today\u2019s perspective.Bullrun 2020 cannot be compared with the all-time high from 2017In the interview, McGlone mentions other key factors that make BTC so unique as a cryptocurrency. For the analyst, it is not only about descriptive properties such as scarcity but also about financial properties.In his opinion, a good point is falling volatility compared to the stock markets. In other words, Bitcoin\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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