Currency

Record GBTC discount may spark $100K Bitcoin price rise — analyst

Cryptocurrency (Mar 05, 2021 07:00AM ET)

Record GBTC discount may spark $100K Bitcoin price rise — analyst

Bitcoin (BTC) could be in for a $100,000 bull run next if a classic signal from institutions repeats its historical trend.

In a tweet on March 4, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that those seeking clues about what lies next for Bitcoin should look at the Grayscale Bitcoin Trust (GBTC).GBTC premium vs. BTC/USD chart. Source: Mike McGlone/ Twitter

Continue Reading on Coin TelegraphRecord GBTC discount may spark $100K Bitcoin price rise — analyst

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