Bitcoin could be one of the greatest bull markets, says Bloomberg analyst

Bitcoin could be one of the greatest bull markets in history at a relatively discounted price to start 2H (second half) Or the crypto may be a failing experiment in the process of being made redundant, like crude oil, said Bloomberg's commodity strategist and analyst Mike McGlone. “Our bias is Bitcoin adoption is more likely to continue rising," he said in a series of tweets sharing outlook on world's top and most popular cryptocurrency Bitcoin. Bitcoin is down 58% in the first six months of 2022, hovering around $20,000 currently, its worst first half of year showing ever as digital assets have struggled. Bitcoin miners are struggling to repay debt and complete large purchase orders of expensive mining machines they made during the bull run several months ago. Source