Bitcoin Price Heading to $100,000 and Ether 'Massively Undervalued,' Bloomberg Analysts Say | CoinMarketCap

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Bloomberg Intelligence says it's inevitable Bitcoin will hit $100,000 — and claims Ether is massively undervalued 📈

"The war is enhancing Bitcoin's value as a global digital-reserve asset, while Ethereum evolves into the collateral of the internet," a new note says.Bitcoin and Ether are outperforming most assets — despite the Federal Reserve turning off the money taps and increasing interest rates.

Analysts Mike McGlone and Jamie Douglas Coutts also claim ETH may be undervalued ahead of the long-awaited merge between the network's Proof-of-Work and Proof-of-Stake blockchains, adding: Their new research note concedes that cryptocurrencies were exposed to volatility during the first quarter of 2022, in line with many other assets, but said:

Source: Digital Coin News (digitalcoinnews.net)

 

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Bloomberg enters the dance and in turn waves this symbolic totem of $100,000 without any fundamental element. Why not $1B? 🤔

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