Bitcoin ‘has had a tendency of adding zeroes to its price’ By Cointelegraph

Bitcoin ‘has had a tendency of adding zeroes to its

Bloomberg: Bitcoin ‘has had a tendency of adding zeroes to its price’

In its latest crypto newsletter, Bloomberg observes that (BTC) “has had a tendency of adding zeroes to its price,” noting that the asset previously went from $1,000 to $10,000 in less than four years. Maturation may have slowed this trend somewhat, but Bloomberg does not appear to believe it has reached a full stop. They noted that such a rise could occur again, though it may not be for some time:

Though this prediction might appear bold on the surface, it is rather conservative compared to other forecasts we’ve seen in recent months. A crypto analyst known as “PlanB,” has recently stated that Bitcoin is still moving in accordance with the Stock-to-Flow Model, which forecasts a $100,000 price by late 2020.

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