Bloomberg Media Distribution, the world’s leading provider of news, broadcasts and videos, has expanded its coverage of cryptocurrency data on its Bloomberg Terminal.

Currently, the company will track the performance and the latest updates for the top 50 digital currencies, on top of which are:

Bitcoin, Ethereum, Binance, Solana and…

Bloomberg’s coverage expands from 10 to 50 cryptocurrencies:

The company has been presenting cryptocurrency news on its Bloomberg station since 2013.

The growing interest in the digital asset class and the investments pouring into the sector prompted the company to start reporting news on 10 of the largest cryptocurrencies by market capitalization.

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Now, the media giant has expanded its reach to cover 50 cryptocurrencies.

Bloomberg confirmed that its approach to covering industry developments is evolving along with the cryptocurrency markets, and added:

We have created a rigorous screening form, available for viewing on Bloomberg, that takes into account our institutional client base.

Alex Wenham, Cryptocurrency Product Manager at Bloomberg, outlined the foundation’s main goal:

Our mission is to help the global institutional investor community seamlessly integrate digital currencies into workflows in a trusted and familiar way in the Bloomberg Terminal.

As this market evolves, we will continue to develop our data-driven offering to help our clients define and develop their strategies in this area.

In addition, the company provides management services to clients dealing with traditional and crypto assets by integrating Elwood technologies with Bloomberg AIM. Last year, the media partnered with a digital asset data provider – Kaiko – to release the first series of Global Identifiers for Financial Instruments (FIGIs) covering cryptocurrencies.

Last year, the media partnered with digital asset data provider Kaiko to release the first series of Global Identifiers for Financial Instruments (FIGIs) covering cryptocurrencies.

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Bloomberg Analysts Optimistic About Bitcoin:

In the past several months, some prominent strategists at the company have predicted a very prosperous future for the underlying cryptocurrency.

In November 2021, the company described Bitcoin as the best inflation hedge, while John Others, senior market editor, claimed that Bitcoin has grown by 99,996% over the past decade.

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A month later, Mike McGlone, chief commodity strategist at Bloomberg, saw 2022 as a successful year for Bitcoin.

In his view, deflationary forces will push the price towards the $100,000 barrier.

Despite a relatively slow start to the year, the company’s analysts reiterated those forecasts in February.

According to them, Bitcoin is preparing to launch later in 2022.

It is worth noting that they visualized this price level before.

However, the cryptocurrency has not yet reached its expected limit.

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