Mike McGlone, Bloomberg's senior commodity strategist, said in his December crypto outlook that the rules of the game have changed dramatically for BTC in recent months—and the notion of $10,000 as a stubborn resistance mark for the cryptocurrency is now outdated. He reasserted his belief that Bitcoin could achieve a market cap of about $1 trillion in 2021—fueled by the sudden, dramatic rise of institutional interest seen this year.
Bitcoin's market catch could reach $1 trillion in 2021, according to Bloomberg's Mike McGlone (Photo: Bloomberg)