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2020-07-28

Bitcoin price increase and Bloomberg predictions

Bloomberg's mid-year report indicates that the price of Bitcoin (BTC) may soon rise above $12,000.

The report states that both within and outside the chain for Bitcoins indicate an increase in asset value. One of the key indicators for Bloomberg is the number of active addresses. 

The report states that the recent decision of the U.S. Office of the Comptroller of the Currency to allow U.S. banks to store digital assets should be the last obstacle for institutional investors. Nevertheless, it notes that this is necessary for Bitcoin to breach the $10,000 plateau (probably the report was prepared last week) to maintain this dynamic.