Bloomberg Research: Bitcoin’s Market Cap Could Reach $1 Trillion in 2022

[Quantum X]

In the latest crypto outlook research report by Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence (BI), Bloomberg’s research arm on the Bloomberg Terminal, the Bitcoin price could reach $55K in 2022.

According to the December 2020 edition of the “Bloomberg Crypto Outlook” report, which got released on Thursday (December 3), Bitcoin will “maintain its propensity to advance in price into 2021,” and that “macroeconomic, technical, and demand vs. supply indicators” suggest that in 2021 Bitcoin will be trading in the range $10,000–$50,000.

Source
https://www.cryptoglobe.com/latest/2020/12/bloomberg-research-bitcoins-market-cap-could-reach-1-trillion-in-2022/

[KryptoBull]

Currently, the capitalization of BTC is 350B USD, if this capitalization reaches 1T USD, the price of BTC needs to grow almost 3 times, ie 1 BTC = 55K USD @@
I don't think the price of BTC can reach that level in 1-2 years, even though BTC is being adopted by the tech giants. We saw those comments in early 2018, and then the big correction took place. A similar scenario could be repeated when the world is not ready for an asset that has grown too strong like BTC.