The price of Bitcoin will surge by over 350 % to hit $400,000, as its institutional adoption has increased, noted Bloomberg analyst. In the latest report, they also suggested that BTC is replacing the “old guard” Gold. However, they acknowledged $60,000 as a key resistance level in Bitcoin’s way up, they believe it’s actually “eroding” due to the massive adoption of institutional investors like Morgan Stanley, Visa, Goldman Sachs, Tesla, among others.