Bitcoin

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   <li><strong>Bloomberg analyst Mike McGlone expressed concerns about the potential risks faced by cryptocurrencies.</strong></li> 
   <li><strong>According to McGlone, Bitcoin is the least worrisome digital asset during economic contractions.</strong></li> 
   <li><strong>The price of Bitcoin, according to CoinMarketCap, was trading at $30,757.</strong></li> 
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  <p>In a recent tweet, Mike McGlone, a Bloomberg analyst, raised concerns about the potential risks faced by <a href="https://coinedition.com/what-is-cryptocurrency-a-complete-beginners-guide/" rel="noopener noreferrer nofollow">cryptocurrencies</a> during periods of economic recession. McGlone highlighted that recessions often lead to struggling risk assets and lower interest rates as central banks inject liquidity into the market. He emphasized that cryptocurrencies, including Bitcoin, are particularly susceptible to these risks.</p> 
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     <p lang="en" dir="ltr">Notably Negative Liquidity vs. Bouncing Bitcoin –<br>Recessions typically portend struggling risk assets and lower interest rates as central banks add liquidity. <a href="https://twitter.com/hashtag/Cryptos?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Cryptos</a> are tops in risk, with <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> the smallest worry. It's unlikely the US will avoid economic contraction… <a href="https://t.co/E2DriAj7Ud" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/E2DriAj7Ud</a></p>— Mike McGlone (@mikemcglone11) <a href="https://twitter.com/mikemcglone11/status/1678842710776487937?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 11, 2023</a> 
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  <p>McGlone noted that during economic contractions, cryptocurrencies emerge as one of the top risk assets. However, he also mentioned that Bitco…</p> 
  <p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/bloomberg-analyst-cautions-that-cryptos-face-heightened-risk-in-a-recession/">Bloomberg Analyst Cautions that Cryptos Face Heightened Risk in a Recession</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>
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Bloomberg Analyst Cautions that Cryptos Face Heightened Risk in a Recession

Coin Edition

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