A senior Bloomberg crypto analyst says that Bitcoin (BTC) skyrocketing to a six figure price tag is only a matter of time.

In a new interview with Daniela Cambone of Stansberry Research, Bloomberg commodity strategist Mike McGlone says that Bitcoin’s price will eventually see a massive spike to $100,000 due to a combination of increased adoption and limited supply.

“So Bitcoin, I think it’s [only] a matter of time [until] it appreciates towards that $100,000 level. And at some point, it’s going to just slip in and kick into that bull market – maybe at the same time gold and treasury bonds do in terms of price."

Learn more about your ad choices. Visit megaphone.fm/adchoices