$50K BTC in 2021? Bloomberg Analysts Join the 'Traditional Onslaught' Driving Bitcoin's Rally

A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset.

AccessTimeIconDec 5, 2020 at 2:00 p.m. UTC
Updated Aug 19, 2021 at 5:59 a.m. UTC

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A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset.

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  • This episode is sponsored by Crypto.com, Nexo.io and this week's special product launch, Allnodes.

    On this edition of the weekly recap, NLW looks at the consolidating narrative of a bitcoin rally that is:

    • Being driven by institutional investors
    • Shifting the center of the industry from East Asia to North America 
    • Winning converts from major research houses and institutions 
    • Driving the price of bitcoin to new all-time highs

    This week on The Breakdown:

    For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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