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Bloomberg’s senior analyst suggests $20K for Bitcoin as a bottom is the new $5K

  • Bloomberg analyst, Mike McGlone has said that a Bitcoin valuation of $20k is the same as a $5k value a few years back.
  • He expressed a disappointment in gold, as he expected the asset to benefit a lot from the ongoing Russian invasion of Ukraine.

Bitcoin has taken a sharp fall to the $21,000 levels after breaking a key
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