![[코인리더스] Bitcoin market cap recovers trillion… Bloomberg Strategist “BTC Projected to 0,000 in 2021”](https://www.coinreaders.com/data/coinreaders_com/mainimages/202103/101240_2021032706302159.jpg "[코인리더스] Bitcoin market cap recovers trillion… Bloomberg Strategist “BTC Projected to 0,000 in 2021”")
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On the 27th (Korean time), the cryptocurrency leader Bitcoin (BTC) showed a short-term bullish trend and recovered $1 trillion in market capitalization. The value of Bitcoin is expected to be around $400,000.”
“Bitcoin is switching to an investor’s’Risk-Off’ option,” said Mike McGlon on his Twitter today.
He continued, “Institutions are looking for ways to protect their assets from the threat of inflation and dollar devaluation.” I will record it.”
#Bitcoin in Transition to Risk-Off Reserve Asset: BI Commodity – 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. pic.twitter.com/Ycr1LSqEAJ
— Mike McGlone (@mikemcglone11) March 26, 2021
Earlier, Scott Minerd, Chief Investment Officer (CIO) of Guggenheim Partners, a global wealth management investment firm, was a hedge fund manager for “Billionaires” and founder of Morgan Creek Capital. Bitcoin 40 also includes Mark Yusko, Naeem Aslam, chief market analyst at Think Markets UK, and Ronnie Moas, founder of the research firm Standpoint. It has come up with a $10,000 forecast.
“The most important thing for Bitcoin is the continued increase in demand and adoption,” Mike McGlon said on another Twitter. “The possibility of launching a Bitcoin ETP in the US will drive the price of Bitcoin. In addition, increasing demand from institutions will also play a major role.”
#Crypto Demand. What Really Matters for #Bitcoin: Increasing Demand and Adoption-
The potential launch of Bitcoin ETPs in the US should keep the price buoyed. Increasing institutional demand, notably into corporate treasuries and accolades from a few billionaires, are part pic.twitter.com/N8ktr4GICo— Mike McGlone (@mikemcglone11) March 26, 2021
On the other hand, as of 10:10 am on the 27th (Korean time), the market capitalization of Bitcoin (BTC), the number one cryptocurrency in CoinMarket Cap, is recording about $55,054, up 5.55% compared to 24 hours ago. The market capitalization is about $1.25 trillion.