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Bloomberg: Bitcoin could hit $ 400,000



On April 6, Bloomberg released the April issue of its monthly “Crypto Outlook,” outlining the bullish tales surrounding bitcoin and the burgeoning industry that surrounds it. The report was particularly bullish, especially as it came from a reputable legacy firm in the finance and media industry. Here are some of the highlights:

“Bitcoin fills the need for digital reserve assets in a low interest rate share”

“Adoption iterations for Bitcoin have entered a unique state of human nature that supports the rise of crypto, in our opinion. Money managers who are reluctant to cross Rubicon and allocate at least a small portion of the funds may be at risk, as Bitcoin simply does more of the same and rises in price amid unprecedented low interest rates and higher stocks. ”


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