Bloomberg senior analyst Mike McGlone said that Bitcoin (BTC) is poised to show a strong bullish performance in 2024.
Mike McGlone, in an interview on Scott Melker’s Youtube channel on March 28, said that with Bitcoin’s next halving, in 2024 In a powerful way will rise expressed.
McGlone also made a statement that Bitcoin 10,000 dollars to reach the level hair of striving He said it could cause spillage.
Smart investors and institutions are all realizing that they need a portion of Bitcoin every day.
The analyst also 2024 in the year of halving And recession He suggested it would be discussed. Stating that Bitcoin did not rise completely, McGlone said, The performance of the S&P500 He stressed that he was waiting. According to McGlone, the S&P500 is a measure of risk assets like Bitcoin.
of bitcoin become a global reserve a potential for is a store of value The analyst made the following statements:
For example, the S&P500 is making a new low and has started to decline towards $3,000. I wonder how Bitcoin will react. If it doesn’t drop below $20,000 that would be great. In the long run, there will be more important reasons to reach $100,000.