Bitcoin Hits $24,000, and Bloomberg Analyst Thinks It Could Outperform
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Bitcoin Hits $24,000, and Bloomberg Analyst Thinks It Could Outperform

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"Bitcoin has been one of the best performing assets since its inception about a decade ago, and we think more of the same is ahead."

Bitcoin Hits $24,000, and Bloomberg Analyst Thinks It Could Outperform

Bitcoin briefly surged above $24,000 on Friday morning as a new wave of optimism sweeps the crypto markets.

Bloomberg Intelligence's commodity strategist Mike McGlone believes BTC could soon outperform most assets once again.

"Bitcoin has been one of the best performing assets since its inception about a decade ago, and we think more of the same is ahead, particularly as it may be transitioning toward global collateral, with results more aligned with Treasury bonds or gold."
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