Bitcoin will emerge stronger after stocks dip '10-20%' — Bloomberg analyst

Bitcoin will emerge stronger after stocks dip '10-20%' — Bloomberg analyst

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....


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