to Bitcoin (BTC) notable for its analysis of Mike McGlone, senior commodity analyst at Bloomberg He made a new post about BTC’s price performance on his Twitter account.
Famous analyst, experiencing sharp declines in the first half of 2022 Bitcoin’He believes that he can perform better in the second half.
“Bitcoin may be regaining its trend to outperform in the second half of 2022.
Because the loosening of long positions in commodities, the fastest decline in the copper mine since 2008, and the bonds recovering from the hardest fall since the stock crash in 1987, all come from the aggressive environment created by the FED.
#Bitcoin may be regaining its propensity to outperform in 2H. the long #commodity unwind, #copper‘s fastest decline since 2008 and the #bond future’s recovery from the steepest dip vs. its 50-week mean since the 1987 stock crash, all coming amid an aggressive #FederalReserve pic.twitter.com/AFORcHzJhG
— Mike McGlone (@mikemcglone11) July 25, 2022
bitcoinStating that Bitcoin is one of the fastest-growing assets in the race since its inception nearly a decade ago, the famous analyst stated that Bitcoin may be making the transition to global collateral by performing more in line with Treasury bonds or gold.
BTC Continuing his shares, McGlone said in his second tweet that Bitcoin has lower volatility compared to other assets in the market:
“Bitcoin volatility is at its lowest ever against the Bloomberg Commodity Index (BCOM), which could signal a resumption of the trend for BTC and crypto to outperform.”
Mike McGlone has already bitcoinHe said that he was hopeful in the second half and that BTC could rise in the second half of 2022.