The analyst predicted the growth of bitcoin in the near future

Mike McGlone, a Bloomberg strategist, believes that the main crypto coin will rise in price in the near future. The analyst believes that by the end of this year, bitcoin will overtake competitors.

A new Bloomberg report says that only commodities rose among major assets in the first six months of this year. And it seems to be important for BTC. At the same time, McGlone described the increase in interest rates by regulators as a “strong tailwind.”

The analyst stated that since 2014, October has been the best period for the first crypto coin. The expert is sure that the transition of ETH to PoS can help the token, like BTC, gain a foothold above $1,000 and $20,000, respectively.

Recently, the head of Galaxy Digital, Mike Novogratz, expressed the opinion that if the Fed refuses to aggressively raise rates, the rate of the first digital currency will begin to rise again. And billionaire Stanley Druckenmiller said that crypto assets will begin to “reborn” amid the fall of the conservative economy.

Analyst Peter Brandt believes that the purchase of bitcoins last year was unprofitable. He also ridiculed BTC supporters for pictures with “laser” eyes, which provoked a violent backlash on social networks.

During the period of the bullish trend in the market, many fans of bitcoin posted their photos with glowing eyes. This symbolized that the owners of the crypto coin believe in the growth of BTC.

On Twitter, Brandt asked bitcoin owners who bought crypto in 2021 if they could believe at that moment that every bitcoin purchase would be unprofitable. The analyst also wrote that he himself could not imagine by now that the BTC rate would be below $20,000.

The former head of MicroStrategy, Michael Saylor, immediately responded to Brandt’s message. He wrote that the “laser” eyes symbolize “Bitcoin’s long-term commitment, which is based on its ethical, technical and economic superiority over alternative assets.”

Over the past year, a significant part of financial assets has become unprofitable, so it is important not to trade, but to store for a long time, Sailor is sure.

Do you agree with such a strategy?