Bloomberg expects Bitcoin to hit $400,000
Over the years, Bitcoin has received some rather optimistic predictions, with some self-proclaimed experts claiming that the coin could hit half a million. While such claims were taken with a grain of salt at the time, they are considered a lot more seriously these days, particularly since one similar prediction — that BTC would hit $400,000 by 2022 — came from Bloomberg itself.
Bitcoin’s new price surge may have also been caused by a variety of other news. For example, India moved to ban BTC recently, only to run into an unmovable obstacle made out of the local crypto enthusiasts.
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Bitcoin mining might also go green soon, based on the recent agreement signed by Neptune Digital Assets and Link Global Technologies.
Microstrategy — a company that invested millions into BTC on behalf of its clients — now also plans to start using BTC to pay its directors. BTC is also seeing increased use in Turkey, which continues to struggle economically.
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BTC hits a new ATH of $62,630
At the time of writing, April 13th, Bitcoin price saw a small surge with massive results, as it just hit a new all-time high of $62,630, according to CEX.IO. The coin continues to move the boundaries, and there is no telling how high it could reach by the end of the day.
Earlier, I predicted a price of $80,000 by the end of Q2, and so far, it appears that BTC is indeed heading towards that goal.