Interesting from Mike McGlone Bloomberg IntelligenceElon Musk saying Tesla is suspending purchases using bitcoin doesn’t shake our thesis that the crypto is in early price discovery days on its way to becoming the global digital reserve asset in a world of accelerating digitalization and electrification,” McGlone wrote Thursday in a new report.
https://www.coindesk.com/bitcoin-tesla-environment-bloomberg-mcglone
McGlone wrote that bitcoin “shows comfort at the whole-number level around $50,000, which was our initial call on a 2021 target resistance value.”