Bloomberg has published the September edition of its Crypto Outlook report, sharing how the company’s analysts are navigating the market and measuring adoption rates as well as demand and supply dynamics. According to the report, Bitcoin is set to reach the $100,000 mark soon, a “path of least resistance,” as well as establish itself as the global reserve asset.
Making a parallel to the dollar status as the global reserve currency, Bloomberg has asserted how Bitcoin can reap the benefits of an ever-more digital society, one hungry for a liquid, always-available asset suitable to become the world’s reserve currency.
“The dollar’s more than 300% advance vs. peers since President Richard Nixon ended the gold peg in 1971 is evidence the greenback is the least-worst currency, but we believe Bitcoin represents the digital future,” the report said.
