According to the new report prepared by Bloomberg, corporate companies have started to invest more in Bitcoin (BTC). These investments began to significantly outstrip gold investments. It is stated that the value of Bitcoin may exceed 100 thousand dollars due to the increase in supply.
Bitcoin is referred to by many as "digital gold". The idea that Bitcoin will replace gold has begun to be discussed significantly. Especially the crisis created by the pandemic process caused this idea to be further consolidated.
Bloomberg strategists reaffirmed this idea in their report. In the report, it was stated that Bitcoin started to be preferred instead of gold in portfolios.
The report highlighted that institutional investors made significant progress in Bitcoin adoption in 2020. It was also stated that the pandemic process had a great impact on this.
Could Bitcoin Be $ 100 Thousand?
It was also stated in the report that Bitcoin will be in a more active position in the world economy in the coming years. Stating that the increasing demand for Bitcoin has increased significantly, the report also underlined that the next price target of Bitcoin could be the level of 100 thousand dollars.