A Path Toward $10,000 Bitcoin - “We buy Bitcoin with money we can’t afford to lose.” Michael Saylor, at the Economic Club of Miami event last evening. I admire and respect Mr. Saylor, and it was his arrival in 2020 -- when Bitcoin traded near $10,000 -- that helped fuel the 10x rally. But much of what the market had been looking forward to has occurred: ETFs, US leaders recognizing Bitcoin’s benefits, and broader mainstream adoption. Now there are 28 million cryptocurrencies listed on CoinMarketCap, up from just one in 2009. Own it or wear it, I expect Bitcoin to revert back toward $10,000. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t6n2u7kip3ip {BI COMD} #bitcoin @BBGIntelligence(Mike McGlone)