Bloomberg Intelligence Predicts Bitcoin at $50,000
Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, anticipates that by 2026, Bitcoin will decline by approximately 60% from its historical peak above $126,000.Bloomberg is a global financial services, software, and media company.
Bloomberg Intelligence Predicts Bitcoin at $50,000
Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, anticipates that by 2026, Bitcoin will decline by approximately 60% from its historical peak above $126,000.
Tether Seeks $20 Billion to Reach $500 Billion Valuation, Reports Suggest
Tether is in talks with investors to raise $20 billion, potentially boosting its valuation to $500 billion, Bloomberg reports.
Bloomberg analyst tips 11 September launch for US spot Dogecoin ETF
The first spot Dogecoin ETF, ticker DOJE, will debut in the US on 11 September, Bloomberg’s Eric Balchunas said.
Justin Sun Sues Bloomberg Over Asset Disclosure
TRON founder Justin Sun has filed a lawsuit in Delaware federal court against Bloomberg, accusing the media company of intending to breach an agreement and disclose information about his assets. This was reported by crypto researcher Molly White. Justin Sun has filed a lawsuit against Bloomberg, claiming they plan to “recklessly and improperly disclos[e] his […]
Bloomberg Analyst Foresees Bitcoin Plunge to $10,000
The price of the leading cryptocurrency could plummet to $10,000, warned Mike McGlone, senior strategist at Bloomberg Intelligence, in an interview with Cointelegraph. He believes this will occur as part of a global correction in financial markets. The expert noted that excessive speculation and asset overvaluation in the crypto industry will influence the decline. According […]
Bloomberg Analyst Dismisses Chances of Solana ETF Approval in 2024
The likelihood of a Solana ETF being approved in the United States in 2024 is nil, as it is for 2025. Only a change in the leadership of the SEC could alter this scenario, according to Bloomberg analyst Eric Balchunas. Nice flow chart showing how the Solana ETF filings never made it past Step 2 […]
Bloomberg Predicts Launch of BTC-ETF Options in Q4
The SEC may register options for spot BTC-ETFs in the fourth quarter. The deadline for the decision is September 21, but further steps from the OCC and the CFTC will be required, according to Bloomberg analyst James Seyffart. We think the #Bitcoin ETF options happen in 4th quarter this year. Final deadline for SEC decision […]
Pavel Durov Joins Bloomberg’s Billionaires Index
Telegram founder Pavel Durov has been included for the first time in the Bloomberg Billionaires Index (BBI). He ranks 279th out of 500 with a net worth of $9.15 billion. The Bloomberg list is topped by serial entrepreneur Elon Musk with $252 billion. U.S. presidential candidate Donald Trump is near the bottom, at 499th place, […]
Bloomberg Apologises to Changpeng Zhao
Bloomberg Businessweek in China acknowledged a “glaring error” in its 250th issue dated July 6, 2022, retracting the false and unfounded cover headline “Changpeng Zhao’s (CZ) Ponzi Scheme.” This was reported by Modern Media, the magazine’s publisher in China. “We unreservedly retract this defamatory statement and sincerely apologise for any harm or distress caused to […]
Bloomberg Reports Surge in Crypto Fund Launches
From January to March, 25 venture and hedge funds focused on cryptocurrency emerged in the market, marking the highest number since the second quarter of 2021. This was reported by Bloomberg, citing data from Crypto Fund Research. In 2024, the number of new funds and organizations nearly doubled the number of closures. During the bearish […]We use cookies to improve the quality of our service.
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