Commodity Analyst: Grayscale Bitcoin Trust Overtakes Tesla by 50% This Year

Mike McGlone, The leading commodity strategist at Bloomberg said this in a tweet that the biggest crypto investment fund, Grayscale Investments, has surpassed Tesla stocks.

This is because of the Bitcoin ETFs launched in the U.S.

He believes that the “maturation leap” is likely to turn bitcoin into global digital reserve currency, he expects bitcoin to hit $80,000.

Many institutions as Micro Strategy, Visa, Mastercard and Tesla are seen to develop massive interest in crypto.

Author: FogknErsdB

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