These days when the war between Russia and Ukraine and the effect of the Fed’s interest rate hike decisions on global markets are discussed. Mike McGlone, senior commodity analyst at Bloomberg leading cryptocurrency Bitcoin (BTC) He continues to share about
McGlone, who recently compared Bitcoin with the Nasdaq, the crude oil and technology exchange, said that the Fed’s decision to increase interest rates to bitcoin evaluated its impact.
“Bitcoin Will Continue to Perform Well!”
Senior analyst, high inflation and of the FED interest rate hike decisions in 2022. bitcoin He stated that this year could be effective in being a good year for Bitcoin and that this year will be an important milestone in the maturation of Bitcoin.
“Facing the Federal Reserve, inflation and war, 2022 may prepare for risk assets reversal and mark another milestone in Bitcoin maturation.”
McGloneDespite the fact that the FED continues to increase interest rates in the continuation of its sharing, “That Bitcoin will continue to outperform gold and the stock market.“He said he believed.
Facing the #FederalReserveinflation and war, 2022 may be primed for risk-asset reversion and mark another milestone in #Bitcoin‘s maturation. It’s unlikely for Bitcoin to stop outperforming #gold, #stockmarket amid bumps in the road as the Fed attempts another rate-hike cycle. pic.twitter.com/4v1kvcq3vd
— Mike McGlone (@mikemcglone11) March 17, 2022
Senior analyst Mike McGlone recently stated that Bitcoin, the leading cryptocurrency, has long been in correlation. Nasdaq had drawn attention to a different aspect that increased against the stock market index.
McGlone evaluated Bitcoin’s divergence from the Nasdaq as a positive development in the face of a potential Nasdaq bear market. BTC He said it bodes well for him.
*Not investment advice.