Bloomberg crypto analyst Mike McGlone has labeled Bitcoin (BTC) a “wild card” which is “ripe” to outperform once traditional stocks finally bottom out.

“Bitcoin is a wild card that’s more ripe to outperform when stocks bottom, but transitioning to be more like gold and bonds.”

Meanwhile, separate observations from monitoring resource Whalemap focused on a potential sale of 5,000 BTC, which had previously stayed dormant since Christmas 2013.

"Someone cashed out 5000BTC yesterday making a whopping a $95,000,000 profit.

Original price of acquisition was $698 for him which is a 2800% increase from current price."

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