Bloomberg chief strategist Mike McGlone believes that the impending collapse of US monetary policy will create a unique environment for the growth of demand for Bitcoin.
In his tweet, McGlone said that the price of BTC will increase significantly in the last quarter of the year. Against the backdrop of growing US foreign debt and the threat of default, Bitcoin could reach six figures.
Rising US debt and the threat of default gives Bitcoin the opportunity to enter a unique phase of price growth in the 4th quarter.
The economist also noted that managers and funds that avoid investing in the first cryptocurrency may find themselves at a disadvantage due to the rising debt crisis. McGlone confirmed his forecast of $100 thousand for military-technical cooperation by the end of the year.
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