Sign in

Bloomberg Report: Active Bitcoin (BTC) Addresses Point Towards $12,000

en.ethereumworldnews.com

The report explains that the number of active Bitcoin addresses points to demand that could push BTC to $12,000 in the near future. By using the famous law of supply and demand, the report explains that an increase in Bitcoin addresses currently being used points towards a BTC price of $12,000.

Image courtesy of Bloomberg Intelligence.Bitcoin is Maturing With the Rise of CME Bitcoin Futures Open Interest Furthermore, July’s Bloomberg Crypto Outlook report indicated that the continual rise of the CME futures open interest is a confirmation that Bitcoin is maturing. Bitcoin is a Digital Version of Gold To conclude the analysis of a maturing Bitcoin, the Bloomberg report likened Bitcoin to a digital version of gold.

Bitcoin BTC
$ 70440.34

Timeline of Bitcoin

Claim Your 100 USDT Reward
Earn a limited-time reward by registering and starting your crypto journey now! Claim Reward!
Bitcoin Bitcoin
70445.9000 0.59%
Ethereum Ethereum
3566.20000 0.30%
BNB BNB
608.887000 3.75%
Solana Solana
186.556000 0.27%
XRP XRP
0.61883900 0.31%