First Mover: Bloomberg’s Pie-in-the-Sky Bitcoin Call Looks Directionally Defensible

Based on a slew of recent predictions, bitcoin prices could more than double this year to $20,000. Or go to $250,000 by early 2023. Or $300,000 within five years.

What’s confounding cryptocurrency traders now is the wide gap between such lofty forecasts and the banal reality: Since late April, bitcoin has traded in a range between roughly $8,500 and $10,200. Read the complete article HERE.