Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19:… | Jun 5, 2020 at 4:30 AM
  • Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year.
  • Describing bitcoin as a “resting bull”, Bloomberg highlighted that increased institutional interest, the rising number of active BTC addresses, futures markets as well as mass adoption will lead the pioneering digital asset higher.
  • Active bitcoin addresses, which reached a two-year high of 891,000 this year, represent increasing adoption and that will help BTC stay above $10,000, Bloomberg opined.