Bloomberg senior analyst Mike McGlone has revealed the investment strategy that could be the most beneficial in the current cryptocurrency market.
Mike McGlone is a recent social media in your post analyzed the current situation of crypto markets and shared with his followers the investment strategy that can be followed under these conditions. McGlone pointed to the current climate of speculation, suggesting that the most sensible course of action “hold strategy instead of futures” claimed it was.
Making a comparison between Bitcoin and Nasdaq, the analyst said that Bitcoin started in January and lasted until the first weeks of February. increased by 30% but compared to that Nasdaq rose just 10% pointed. Possible regression and in the bearish scenario These parameters and performance It can also work in the downward direction. Stating that, the analyst urged users to be careful.
Emphasizing that leveraged transactions can bring great losses, especially in the volatile market environment that has increased since the beginning of 2023, the analyst said, however, macroeconomic structure currently more unfavorable He stated that he appeared. About the bear market we are in, the analyst said a possible scenario to be implemented by the FED. wind of tightening policy he said he can reverse it specifically for cryptos:
If a tightening policy is implemented by the Fed despite the risk of recession, this could create a primary headwind effect for most risky assets, especially cryptos. Buy and hold strategies can be a way to win against the volatile nature typically associated with bear markets.