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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Despite the ongoing bear market and bitcoin price decline, some analyst still retains their confidence in Bitcoin. The Bloomberg Analyst Mike McGlone is one of them. He took to Twitter on Wednesday to express his thoughts about the most popular cryptocurrency. The analyst strongly believes that Bitcoin will bounce back from the bear market. McGlone […]
A recent meltdown in the Bitcoin price from its record high near $42,000 has done little to shake its bullish bias, at least according to a Bloomberg analyst.
Bitcoin price predictions have been a hot topic for a while now. Bloomberg Analyst, Mike McGlone believes that the price of BTC hitting $100,000 is tied to the asset following ethereum. This came in the monthly cryptocurrency newsletter sent out by Bloomberg Crypto Outlook. McGlone said this in the July version of the newsletter that […]