$50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally

$50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally

Nathaniel Whittemore

A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset.

On this edition of the weekly recap, NLW looks at the consolidating narrative of a bitcoin rally that is:

  • Being driven by institutional investors
  • Shifting the center of the industry from East Asia to North America
  • Winning converts from major research houses and institutions
  • Driving the price of bitcoin to new all-time highs

This week on The Breakdown:

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