Cryptocurrency

Bitcoin

Bubble

Mike McGlone, one of Bloomberg's most famous commodity analysts, announced that if there is a bubble burst event in the markets, a downward turn may take place in Bitcoin (BTC), the best-performing asset in history.
Continuing his statements, Mike McGlone made the following statements about the Bitcoin price:
<blockquote>
 “The Fed funds rate, around 2% above the Consumer Price Index, is restrictive compared to the 20-year average of minus 1%, but rising fiscal deficits appear unstoppable, making me biased for gold to continue its rally against most commodities and perhaps stocks in the second quarter of the year.” protecting.
 Bitcoin risks, which are at the top of my annual performance scorecard at the end of the first half, and the Bloomberg US Treasury 20+ total return index, which is at the bottom, may show some comeback in the second half. “If commodities follow a normal path towards low pricing and risk assets rise slightly, there could be a trend towards deflation worthy of inflation reaching 2022 highs.”
</blockquote>
Related News: <a href="https://en.bitcoinsistemi.com/floki-inu-floki-developers-issue-a-warning-to-investors/" target="_blank" rel="noopener noreferrer nofollow">Floki Inu (FLOKI) Developers Issue a Warning to Investors</a>
Bitcoin, the world's largest cryptocurrency, is about to close the week with a loss of approximately 3.49% at the time of writing.
TradingView is a chart-based platform for trading individuals and investors interested in cryptocurrencies and specifically assets such as BTCUSD. This platform offers an environment to analyze the markets, keep up with current financial news and exchange ideas. Cryptocurrency users can conduct more detailed market research with the advanced tools and various data options offered by TradingView. In addition to detailed symbol charts, they also have access to a wide range of data, especially on how to use the economic calendar. The platform also aims to support users by providing them with more comprehensive data sets in line with their different strategies.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bloomberg-analyst-mcglone-explains-what-will-happen-to-bitcoin-if-the-bubble-bursts/" rel="noopener noreferrer nofollow">Bloomberg Analyst McGlone Explains What Will Happen to Bitcoin “If the Bubble Bursts”</a>

Bloomberg Analyst McGlone Explains What Will Happen to Bitcoin “If the Bubble Bursts”

Bitcoin Sistemi EN

Inne artykuły opublikowane 30 cze 2024

Analysts Say: BlockDAG’s 30,000x ROI Rockets Past Cardano and Polygon’s Bearish Blues!

Toncoin – Should TON buyers finally go long now?

Signs Of Change? BlockDAG Shines as Crypto’s New Goldmine Amid Market Shifts in Maker & Dogwifhat

Trump the Felon Memecoin Will Explode 18,000% Ahead of KuCoin Listing, as Shiba Inu, Bonk and DOG...

IRS Reveals Final Draft For Crypto Broker Requirements

Why Bitcoin’s price correction can last for months

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!