Bloomberg’s lead commodity analyst Mike McGlone is doubling down on his forecast for a six-figure Bitcoin price tag.

In a new interview with Kitco News, crypto expert McGlone says that adoption and demand for Bitcoin appear to be gaining enough steam to push BTC to $100,000 in less than three years.

“Here’s the key thing about Bitcoin. To me, it’s a matter of time before it gets to $100,000. The key fact is by code, the supply is going down. You can’t change it. Adoption and demand are increasing. Unless you expect that to reverse – which I don’t – I think it’s going to accelerate. Every sign I see it’s accelerating. It will continue appreciating. It’s just a matter of time."

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