Lens1000
VIP Contributor
The supply-demand dynamics showed that the bitcoin and ethereum are still in the early adoption period. This was made known by the Bloomberg intelligence senior commodity strategist, Mike McGlone. He opined that the demand of bitcoin and ethereum continue to rise amidst the short in supply. The two cryptocurrency giant have a very limited supply and by the simple dynamics of demand and supply, the prices of these commodities would rise based on the increase in demand.
Mike McGlone predicted the price bitcoin and ethereum to be $100,000 and $5000 respectively before the end of 2022.
As at the time of dishing out this piece bitcoin and ethereum are down by 44.67% and 46.16% from their all time high records respectively.
Following the prediction records of Mike McGlone, 80% of his prediction accurate. In 2021, precisely December, he predicted that bitcoin will outperform the US stock market. He also predicted that Binance Coin (BNB) and solana(SOL) to be listed in the top five cryptocurrencies alone bitcoin, ethereum and Tether.
The supply of bitcoin will always be lower than the demand because a news I read made it known that their is 10% of BTC left to be mined.
What is your opinion on this?
Mike McGlone predicted the price bitcoin and ethereum to be $100,000 and $5000 respectively before the end of 2022.
As at the time of dishing out this piece bitcoin and ethereum are down by 44.67% and 46.16% from their all time high records respectively.
Following the prediction records of Mike McGlone, 80% of his prediction accurate. In 2021, precisely December, he predicted that bitcoin will outperform the US stock market. He also predicted that Binance Coin (BNB) and solana(SOL) to be listed in the top five cryptocurrencies alone bitcoin, ethereum and Tether.
The supply of bitcoin will always be lower than the demand because a news I read made it known that their is 10% of BTC left to be mined.
What is your opinion on this?
