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Bitcoin could hit $100K, gold $2K in 2022 thanks to 'deflationary forces' — Bloomberg analyst
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$100,000 Bitcoin (BTC) and $2,000 gold could greet 2022 as global markets face “deflationary forces,” says Bloomberg Intelligence.
In a tweet on Dec. 9, Mick McGlone, a senior commodity strategist at Bloomberg’s research arm, forecast that next year would be good for both gold and BTC.
As inflation makes headlines worldwide this month, Bitcoin has faced criticism over its alleged role as a hedge thanks to its 39% drawdown from all-time highs.
As Cointelegraph reported, the latest U.S. Consumer Price Index (CPI) data is due Friday, with analysts presuming that inflation will have sharpened 6.7% year-on-year.
Next year could be very different, McGlone argues, as inflationary pressures give way to declining commodity prices and equities.
“$100,000
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