One of the reasons for Bloomberg’s prediction is that Bitcoin is maturing quite impressively. It compared Bitcoin’s maturity rate to that of other assets such as shares in the traditional stock market, and other assets like oil.
At the moment, Bitcoin is trading at $9,740. Days ago, it successfully scaled the $10,000 very briefly, before the price came back down. The feat came shortly after US President Donald Trump threatened military action against protesters. Bitcoin also tried about 5 times to scale this mark last month but did not succeed.
Image Credits: Pixabay
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