In his post in early March Bitcoin as digital gold stating that he is ready for victory Mike McGlone, senior commodity analyst at Bloomberg Intelligence, He made new statements about Bitcoin.
from his Twitter account bitcoin McGlone, who shared a table on the subject, stated that Bitcoin’s volatility as a risky asset decreased in the first quarter of 2022 and that of BTC He stated that this move is a sign that it will become a digital collateral.
To support his claim about Bitcoin, McGlone added a chart that compares Bloomberg’s 100-week average of West Texas Intermediate (WTI) crude oil futures to Bitcoin’s movements.
Master name leading cryptocurrency of bitcoin claimed it could be a safer investment compared to traditional assets.
The fact that one of the best performing and most volatile assets since the financial crisis — #Bitcoin — is showing relative buoyancy in an ebbing tide for risk assets in 1Q may portend the crypto’s maturation toward digital collateral, in a world going that way. pic.twitter.com/VKixFy6ZLJ
— Mike McGlone (@mikemcglone11) March 14, 2022
Mike McGlone’s Bitcoin Perspective!
Senior analyst who often shares his thoughts on Bitcoin McGlone before too of BTC He stated that it is digital gold and will turn into a global digital collateral in the future.
In this context, in his statement in February, he said that the price of Bitcoin fell temporarily in response to Russia’s invasion of Ukraine, and that he had full faith in Bitcoin.
McGlone says Bitcoin’s temporary fall with the invasion of Russia, especially long-term cryptocurrency for investors “very good buying opportunity” and stated that he believes that the BTC price will not fall below $ 30,000.
*Not investment advice.