Before bitcoinsaying “don’t fight the FED” in their analysis and expecting further declines Mike McGlone, senior commodity analyst at Bloomberg, bank crisis BTC He said that the momentum he had built on it had redistributed the cards and Bitcoin entered a new super cycle.
Sharing on his Twitter account, McGlone added a graphic to his share. BTC‘s top performing legacy commodity gold He said he passed.
Stating that Bitcoin performed almost 10 times better than gold from the beginning of 2023 until March, McGlone argued that BTC is in a super cycle.
“Looking for a super loop?
Bitcoin outperforms commodities with reduced risk.
From the beginning of 2023 to March 20, Bitcoin outpaced gold, the top-performing old commodity, by almost 10 times.
This could be indicative of a super cycle occurring in crypto.”
Bitcoin, which has been on a strong rise since the beginning of 2023, continues to trade at $ 28,274, with an increase of 12% in the last 7 days and 1% in the last 24 hours.
Looking for a super cycle? Bitcoin Outperforms #Commodities With Declining Risk – #Bitcoin beating #goldthe top-performing old-guard commodity in 2023 to March 20, by almost 10x may be indicative of a super cycle happening in the #crypto. pic.twitter.com/DGdAL3PW3C
— Mike McGlone (@mikemcglone11) March 21, 2023
*Not investment advice.
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