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Bloomberg: Bitcoin may reach $400,000



On April 6, Bloomberg released the April edition of its monthly Cryptocurrency Outlook, which outlines the bullish narrative surrounding Bitcoin and the emerging industries around it. The report is particularly promising, especially because it comes from well-known traditional companies in the financial and media industries. Here are some highlights:

“Bitcoin satisfies the demand for digital reserve assets in the low-yield world”

“In our opinion, the adoption of Bitcoin has entered a unique state of humanity, which supports the rise of cryptocurrency. Fund managers who are unwilling to cross Rubicon and allocate at least a small portion of funds may be at risk. Because Bitcoin is just doing more, pushing prices up in the context of unprecedentedly low interest rates and rising stocks.”

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