Bloomberg senior analyst Mike McGlone suggested that the stuck at $30,000 in Bitcoin (BTC) heralds a serious economic crisis for the United States.
Mike McGlone shared on Twitter on July 20. in its report, Stagnation in Bitcoin a more serious economic problem. He said he could be a pioneer. Analyst, Bitcoin 2022 It has recovered well from the bottom level of the year, but recently Nasdaq to the rises experienced in particular and the decline of the dollar index (DXY). indifferent He indicated that he was staying.
The prolongation of this 30 thousand dollar stop in Bitcoin from a deflationary economic storm McGlone stated that it can be defined as the previous silence. the bells are ringing for the US economy implied.
BlackRock spot Bitcoin launched by exchange-traded fund (ETF) Referring to the wind, the experienced name suggested that the demand from the institutions could trigger a rise. On the other hand, in 2023, a Not waiting for ETF approval Wrote.
Blackrock’s entry into the Bitcoin ETF game about a month ago may have triggered a short-term rally similar to the emergence of futures in 2017 and futures-based ETFs in 2021. However, an ETF launch may not come in 2023.