Bloomberg Sees $400K Bitcoin, Zuck Sold As NFT Bear, Filecoin Explodes

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Last Updated on 27 March 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Mike McGlone, senior commodity strategist at Bloomberg Intelligence, is quite the name in the analyst market. As he admits that institutions are now seeing Bitcoin as a possible risk-off investment, the man has launched a chart which predicts a future Bitcoin price, based on historical patterns, of about $400k by the end of 2021.

McGlone stated:

Well on its way to becoming a global digital reserve asset, a maturation leap in 2021 may be transitioning Bitcoin toward a risk-off asset, in our view.

As he tweeted out that comment, Bitcoin itself has been rising in the past day and now trades at $55k. The rest of the top ten at CoinMarketCap is also rising several percentage points.

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NFT Bear

Facebook’s Mark Zuckerberg, Spotify’s Daniel Ek and Shopify’s Tobi Lütke received the “honey bear” treatment after they all showed up on audio social networking app Clubhouse on March 18.

The artist who made the image explained on social media platforms how he was inspired by Gavin Belson’s iconic words in Silicon Valley that the bear is sticky with honey.

YouTube video

NFT (Non-Fungible-Tokens) are everywhere right now, and making one of Zuckerberg proved to be lucrative as the image showing the three bears sold for $64k.

Filecoin interest up

With Bitcoin in such high regard with institutional investors, many Wall Street analysts are looking for the next crypto unicorn already and from time to time you can thus see an altcoin make incredible jumps. Today that seems to be the case for Filecoin which trades upward some 38%.

However, it’s not the Americans that are letting the price increase, but rather the Chinese. Filecoin has seen incredible interest from Chinese miners and investors as of late.

Wu Blockchain, the Chinese journalist who informs the world about crypto mining in his country, said about Filecoin:

A lot of Chinese funds are entering.