Bitcoin’s transition to a risk-off asset will propel it to $100K in 2022, says Bloomberg analyst

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Bitcoin’s transition to a risk-off asset will propel it to $100K in 2022, says Bloomberg analyst
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Bloomberg analyst Mike McGlone is convinced Bitcoin is on track to reach $100K in 2022, as it completes its transition from a risk-on to risk-off asset.

While this trend may represent a short-term hurdle, McGlone said he is confident that Bitcoin will still appreciate significantly in 2022: He said he considers the current bearish sentiment as a positive sign, indicating market consolidation.

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