Log in

Home
Research
Analysis
Community
  1. Cryptonary
  2. Archived Posts
  3. Bloomberg analyst predicts $20,000 in 2020
News

Bloomberg analyst predicts $20,000 in 2020

Updated: Aug 31, 2024
Published: Jun 4, 2020
0
Share:

Career Risk

Post Feature Image

Until a few months ago, most of Wall Street had a very negative image in regard to Bitcoin mostly viewing it as one of the biggest scams of our time. Of course, most of Wall Street is composed of the average Joe who has to conform to the norm or else risk losing their job.

That all changed when two reputable financial wave-makers: Renaissance Technologies and Tudor Investments dipped their toes into Bitcoin. Legendary trader Paul Tudor Jones has stated he believes Bitcoin may be the best performing asset during the great monetary inflation. All of sudden, all analysts want to jump on board the Bitcoin train and embrace its existence.

Bloomberg Analyst Predictions

A Bloomberg analyst, Mike McGlone, has released a prediction about Bitcoin essentially stating that the crypto-asset is likely going to $20,000 by the end of 2020. The analysis states specific points to support the bullish bias with arguments of the sort that the supply drop (halving) is pointing to similar reaction to 2016, Bitcoin ‘should’ breach the $10,000 mark and that Bitcoin has shown maturity as its volatility against crude oil has reached very low levels.

Bitcoin's Value Proposition

The reality is Bitcoin has the best monetary environment to thrive and prove its value proposition. However, that was true months ago as soon as the pandemic hit the markets and years ago when it was clear the FED would once again step in with QE when a crash/retracement/pullback imminently comes around the corner. Bitcoin’s value proposition isn’t new, signs were clear that it was acting as a geopolitical safe haven and a hedge against inflation.

The issue with Wall Street is a lack of self-reliance and courage from individuals in the business. This sudden surge of bullishness from the “old guys” seems like a need for acceptance and acknowledgment by the wave-makers.

Continue reading by joining Cryptonary Pro

Save 30%

$997/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

As a Cryptonary Pro subscriber, you also get:

  • 3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

3X Value Guarantee

If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

Terms & Conditions apply

Star

Trusted by 300,000+ investors

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp

Frequently Asked Questions

Can I trust Cryptonary's calls?

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

Do I need to be an experienced trader or investor to benefit?

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

What makes Cryptonary different from free crypto content on YouTube or Twitter?

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

Why is there no trial or refund policy?

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Do I get direct access to the Cryptonary team?

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

How often is content updated?

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

How does the 3X Value Guarantee work?

We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.

Recommended from Cryptonary
BTC, ETH and More: Altcoins Show Signs of Strength
PRO
Market Direction
BTC, ETH and More: Altcoins Show Si...Markets remain range-bound, but the balance of risks has shifted marginally toward a short-term reli...
9 min read
Jan 2, 2026
Market Update: Relief Rally Potential Hinted by Sentiment and Flows
PRO
Market Updates
Market Update: Relief Rally Potenti...After a quiet holiday period, markets are slowly finding their footing again, though activity remain...
7 min read
Dec 31, 2025
BTC, ETH and More: Sideways Holiday Action
PRO
Market Direction
BTC, ETH and More: Sideways Holiday...Markets are closing out the year with thin liquidity, tight ranges, and limited follow-through. This...
9 min read
Dec 30, 2025
Cryptonary's 2026 Crypto Market Outlook
PRO
Research Report
Cryptonary's 2026 Crypto Market Out...We’re starting 2026 with something special. This report brings together the lessons and outlook of t...
3 min read
Jan 7, 2026
BTC, ETH and More: Bullish Momentum Across Crypto Majors and Select Alts
PRO
Market Updates
BTC, ETH and More: Bullish Momentum...Markets are finally moving with intent after weeks of compression and false starts. Key levels are b...
11 min read
Jan 6, 2026
Market Update: Crypto Relief Rally Continues
PRO
Market Updates
Market Update: Crypto Relief Rally ...Markets have kicked off the year with speed and intent. In this update, we break down what’s driving...
9 min read
Jan 5, 2026
BTC, ETH and More: Altcoins Show Signs of Strength
PRO
Market Direction
BTC, ETH and More: Altcoins Show Si...Markets remain range-bound, but the balance of risks has shifted marginally toward a short-term reli...
9 min read
Jan 2, 2026
Market Update: Relief Rally Potential Hinted by Sentiment and Flows
PRO
Market Updates
Market Update: Relief Rally Potenti...After a quiet holiday period, markets are slowly finding their footing again, though activity remain...
7 min read
Dec 31, 2025
BTC, ETH and More: Sideways Holiday Action
PRO
Market Direction
BTC, ETH and More: Sideways Holiday...Markets are closing out the year with thin liquidity, tight ranges, and limited follow-through. This...
9 min read
Dec 30, 2025
Cryptonary's 2026 Crypto Market Outlook
PRO
Research Report
Cryptonary's 2026 Crypto Market Out...We’re starting 2026 with something special. This report brings together the lessons and outlook of t...
3 min read
Jan 7, 2026
BTC, ETH and More: Bullish Momentum Across Crypto Majors and Select Alts
PRO
Market Updates
BTC, ETH and More: Bullish Momentum...Markets are finally moving with intent after weeks of compression and false starts. Key levels are b...
11 min read
Jan 6, 2026
Market Update: Crypto Relief Rally Continues
PRO
Market Updates
Market Update: Crypto Relief Rally ...Markets have kicked off the year with speed and intent. In this update, we break down what’s driving...
9 min read
Jan 5, 2026
BTC, ETH and More: Altcoins Show Signs of Strength
PRO
Market Direction
BTC, ETH and More: Altcoins Show Si...Markets remain range-bound, but the balance of risks has shifted marginally toward a short-term reli...
9 min read
Jan 2, 2026
Market Update: Relief Rally Potential Hinted by Sentiment and Flows
PRO
Market Updates
Market Update: Relief Rally Potenti...After a quiet holiday period, markets are slowly finding their footing again, though activity remain...
7 min read
Dec 31, 2025
BTC, ETH and More: Sideways Holiday Action
PRO
Market Direction
BTC, ETH and More: Sideways Holiday...Markets are closing out the year with thin liquidity, tight ranges, and limited follow-through. This...
9 min read
Dec 30, 2025
Research
Top PicksDeep DivesPassive IncomeAirdrop ReportsCrypto Research
Analysis
Market UpdatesMarket DirectionMarket PulseLivestreams
Tools
Market DirectionAssets & PicksAirdropsPortfolio Tracker
Cryptonary
Affiliate programEducationPrivacy PolicyTerms & ConditionsContact UsWrite for us
Stay connected
Disclaimer: The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, legal, or tax advice. Cryptonary is not a licensed financial advisor. All content is shared without any guarantee of accuracy or completeness. You are solely responsible for your investment decisions. Always do your own research and consult with a licensed professional before making financial choices. Past performance is not indicative of future results.

×
popupimage
Our Latest Utility Token Research ReportPreviously locked for Pro members, now available to read in full.
  • tickThe utility token we're tracking closely
  • tickWhy we believe it's still early in the cycle
  • tickWhat we're watching to confirm a structural shift

Email Address

​

Phone Number

United States

No spam. No hype. Just the research.