‘We see propensity resuming for Bitcoin’- Here’s why this analyst is bullish

Bloomberg’s latest crypto outlook report spoke about Bitcoin in a rather optimistic tone. Mike McGlone, the Senior commodity strategist at Bloomberg Intelligence, believes that the remainder of this year will see Bitcoin rally and outperform “most major assets.” High hopes for Q4 Talking in the context of commodities, which he believes is the lone major […]

Mike McGlone, the Senior commodity strategist at Bloomberg Intelligence,High hopes for Q4

“When the ebbing economic tide turns, we see the propensity resuming for Bitcoin, Ethereum, and the Bloomberg Galaxy Crypto Index to outperform most major assets” McGlone added. The interest rate hikes paired with the plunging global money supply are putting downward pressure on assets like commodities and tech stocks

According to McGlone, Bitcoin is currently demonstrating its lowest-ever volatility against the Bloomberg Commodity Index.The gold connection

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