Bitcoin could become the world's reserve asset

According to the September issue of Crypto Outlook fromBloomberg, in the near future bitcoin (BTC) will reach the price level of $ 100,000. The document notes that after the completion of the cryptocurrency market correction, everything will go "upward".

A similar forecast for the price of bitcoin sounds far awaynot the first time. Crypto enthusiasts and experts have already voiced several very bold predictions, some even talk about the possible testing of the $ 1 million mark.

The report says that the price of $ 100,000 per bitcoinand $ 5,000 for Ethereum is not only real, but actually the "path of least resistance." BTC has the potential to become a global reserve asset, according to a Bloomberg report.

«Crypto assets are on a buoyant bullishmarket... Bitcoin is lagging behind the DeFi revolution led by Ethereum. A digital reserve asset following the path of digitalization and a building block of fintech is how we see the #1 and #2 cryptocurrencies″, - says the report.

Bitcoin has long been called "digital" or "newgold ". Some participants in the crypto sector have even suggested using Bitcoin as a global reserve asset instead of the US dollar. While such comparisons are often dismissed, Bloomberg recognizes the advantages of bitcoin over the dollar as a global reserve.

Some of the pluses mentioned are that bitcoin is "easy to transfer, it has a 24/7 price opening, is relatively scarce, and is not anyone's commitment or project."

In a global economy where manyCentral banks chose not to reduce their balance sheets and not reduce liquidity, it can be expected that scarce assets will take the leading positions. This, coupled with the multitude of progressive use cases for bitcoin, can push and prop up bitcoin prices.

«The stock market is largely following the path of quantitative easing, as seen in the upward trajectory of G4 central bank balance sheets.

Both indices reflect risk exposure, butUnlike the S&P 500, BCGI includes Bitcoin, which is gradually becoming a digital reserve asset in a world moving towards digitalization», says the report when comparing the Bloomberg Galaxy Crypto Index (BGCI) and the S&P 500.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	Exmo	https://exmo.me	6.9
4	OKEx	https://okex.com	6.5
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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