{"id":15237,"date":"2021-12-13T03:54:10","date_gmt":"2021-12-13T03:54:10","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/analyst-expects-us-to-embrace-crypto-with-proper-regulation-in-2022-sees-refreshed-bitcoin-bull-market\/"},"modified":"2021-12-13T03:54:10","modified_gmt":"2021-12-13T03:54:10","slug":"analyst-expects-us-to-embrace-crypto-with-proper-regulation-in-2022-sees-refreshed-bitcoin-bull-market","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/analyst-expects-us-to-embrace-crypto-with-proper-regulation-in-2022-sees-refreshed-bitcoin-bull-market\/","title":{"rendered":"Analyst Expects US to Embrace Crypto With Proper Regulation in 2022 \u2013 Sees \u2018Refreshed\u2019 Bitcoin Bull Market"},"content":{"rendered":"

Analyst Mike McGlone with Bloomberg Intelligence has shared his outlook for the cryptocurrency market going forward. \u201cWe expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications,\u201d he detailed. Noting that \u201cBitcoin appears to be on a trajectory for $100,000,\u201d the analyst added that we are likely to see \u201cA paused, corrected and refreshed bull market.\u201d<\/strong><\/p>\n

Crypto Market Outlook and Bitcoin\u2019s Price Prediction<\/h2>\n

Bloomberg Intelligence (BI) published its 2022 crypto outlook report<\/a> last week. \u201cIncentivized by China\u2019s ban and the proliferation of revolutionary technologies such as crypto dollars and non-fungible tokens (NFTs),\u201d BI senior commodity strategist Mike McGlone explained:<\/p>\n

We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications.<\/p>\n

\u201cThe unlimited supply of fiat currency should sustain rising prices, notably in bitcoin and ethereum, which have limited supply,\u201d he added. \u201cWe expect wider adoption to prevail and overcome most wobbles, like 2021\u2019s near 50% correction.\u201d<\/p>\n

Furthermore, \u201cSome normalization in stock-market returns and a continued decline in U.S. Treasury bond yields may shine on Bitcoin and Ethereum in portfolios,\u201d McGlone noted.<\/p>\n

The analyst further shared: \u201cThe key question facing bitcoin nearing the onset of 2022 is whether it\u2019s peaking or simply a consolidating bull market. We believe it\u2019s the latter, and see the benchmark crypto well on its way to becoming global digital collateral in a world going that way. It\u2019s likely to be about key support around $50,000 and $100,000 resistance in 2022.\u201d<\/p>\n

McGlone described:<\/p>\n

Bitcoin appears to be on a trajectory for $100,000 \u2026 A paused, corrected and refreshed bull market is how we see bitcoin approaching 2022.<\/p>\n

Regarding whether the price of BTC<\/a> will hit $100K, the analyst emphasized: \u201cWe see it as more of a question of time, notably due to the economic basics of increasing demand vs. decreasing supply.\u201d<\/p>\n

Do you agree with the analyst\u2019s crypto outlook and prediction? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMarkets and Prices, analyst prediction, bitcoin market outlook, bitcoin price prediction, Bloomberg Intelligence, crypto market 2022, crypto outlook, crypto price prediction, cryptocurrency outlook, Mike McGlone<\/p>\n","protected":false},"excerpt":{"rendered":"

Analyst Mike McGlone with Bloomberg Intelligence has shared his outlook for the cryptocurrency market going forward. \u201cWe expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications,\u201d he detailed. Noting that \u201cBitcoin appears to be on a trajectory for $100,000,\u201d the analyst added that we are likely to see…<\/p>\n","protected":false},"author":0,"featured_media":15238,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-15237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15237"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=15237"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15237\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/15238"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=15237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=15237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=15237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}