Bloomberg Strategist: Rising USDT Transactions Boost the Dollar’s Value
Dollar-pegged stablecoins boost the value of the U.S. dollar, according to Bloomberg Intelligence senior commodities strategist Mike McGlone.Bloomberg is a global financial services, software, and media company.
Bloomberg Strategist: Rising USDT Transactions Boost the Dollar’s Value
Dollar-pegged stablecoins boost the value of the U.S. dollar, according to Bloomberg Intelligence senior commodities strategist Mike McGlone.
Bloomberg flags expected opening price for Coinbase shares
Coinbase shares are set to begin trading on Nasdaq at $340, according to Bloomberg, citing familiar sources. This implies a market capitalization of about $88 billion, based on 261.3 million shares.
Average NFT price falls to one-third of its February peak
Average NFT price fell by 67% from the February peak, according to Nonfungible. Such a dynamic may indicate a waning NFT mania, Bloomberg reports.
Bloomberg Strategist: Bitcoin Could Reach $400,000
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said Bitcoin is transforming into a low-risk reserve asset and predicted its rise to $400,000.
Bloomberg: Bitcoin volatility spooked major companies
Many Wall Street financial managers have reconsidered investing in Bitcoin after its price fell more than 25% last week, according to Bloomberg.
Bloomberg: Bitcoin eyes $50,000
Bitcoin price could swing between $10,000 and $50,000, with a market cap rising to $1 trillion. Bloomberg analysts say that unprecedented quantitative easing and a higher debt-to-GDP ratio, along with slower post-halving issuance, could push Bitcoin to new highs.We use cookies to improve the quality of our service.
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