Bloomberg Intelligence Report: Bitcoin Is Becoming A Risk-Off Asset As Inflat...
In Bloomberg Intelligence’s latest report, bitcoin is separating itself from risk assets with increasing HODL behavior and historical patterns suggest a mild down-turn.Bloomberg Intelligence discussed bitcoin and other cryptocurrencies as it relates to adoption, markets and defining asset classes.The report explains how bitcoin is separating itself from standard risk-assets and becoming a risk-off asset.Bloomberg Intelligence also discusses historical patterns of Federal Reserve policy as it relates to bitcoin and bear-markets, offering possible outlooks. The latest Bloomberg....
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A new report from Bloomberg Intelligence suggests the Bitcoin price may soon approach $100,000 should historical trends continue.
Federal Reserve policy should mean markets see a long-awaited comedown of up to one fifth, says Bloomberg Intelligence's Mike McGlone. Bitcoin (BTC) will soon no longer be a risk asset and investors should brace for a fresh price correction, says one of Bloomberg's best-known analysts.In an appearance on the Wolf of All Streets podcast on Jan. 18, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, sounded the alarm on global markets' “up only” narrative.McGlone: Bitcoin 'least risky' crypto betAs Bitcoin struggles in 2022, those hoping for a dramatic return to form will....
With institutions demanding protection from inflation and dollar depreciation, historical trends could see BTC/USD 8X from current prices, says Bloomberg Intelligence. Bitcoin (BTC) still gets criticized for being too volatile, but one Bloomberg analyst believes that it conversely is becoming a "risk-off" choice for investors.In a tweet on March 25, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that this year marked a watershed moment for the largest cryptocurrency.$400,000 BTC would "rhyme" with historyMcGlone uploaded a chart of the BTC/USD average price and....
Global rate hikes are putting downwards pressure on asset prices, but Bitcoin is starting to outperform commodities and tech stocks. Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, stated October has historically been the best month for Bitcoin (BTC) since 2014, averaging gains of about 20% for the month, and that commodities appearing to peak could imply that Bitcoin has reached its bottom.In an Oct. 5 Bloomberg Crypto Outlook report, McGlone says while the rise of interest rates globally is putting downwards pressure on most assets, Bitcoin is gaining the upper hand....
"If Bitcoin were to catch up to Ethereum's performance this year, the No. 1 crypto's price would approach $100,000," believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence. Ether (ETH) has outperformed Bitcoin (BTC) in terms of year-to-date market performance, rising more than 320% against BTC's 54% returns. But, according to Bloomberg Intelligence senior commodity strategist Mike McGlone, Bitcoin would soon catch up to Ether's gains, which might even push its per-unit price to $100,000."If Bitcoin were to catch up to Ethereum's performance this year, the No. 1....