This Crypto Asset Will Crush All Other Investment Vehicles: Here are the Details!

0

Bloomberg macro strategist Mike McGlone amid recession fears bitcoin He states that he has bullish sentiment on (BTC).

In a new interview with David Lin Report, McGlone says that as Bitcoin ages, the leading crypto asset will outperform most risky assets.

However, the Bloomberg analyst warns that the Bitcoin price may decline in the near term.

“I think this banking crisis is starting to define the value of Bitcoin. As you know the last crisis was really its birth, now this crisis defines it.

However, in the shorter term, the most important thing I’m worried about is that, as I mentioned, the tide in all risky assets fades and Bitcoin pushes down.

But right now Bitcoin is showing what I think will continue to outperform most risk assets.

The key is that we are still pointing to liquidity and it is still one of the riskiest assets…

The most important fact is that I think it will continue to outperform most other cryptos, especially the Bloomberg Galaxy Crypto Index.”

Rebalanced and restructured monthly, the Bloomberg Galaxy Crypto Index consists of the largest and most liquid digital assets by market cap, excluding stablecoins, exchange tokens, and privacy coins.

Koinfinans.com As we reported on Bitcoin’s forward price movements, McGlone said that although Bitcoin failed to reach its $100,000 target during the 2021 rally, the leading crypto- He says his presence will continue to rise.

“Bitcoin reaching $100,000 did not happen. The highest level was around $70,000. And I expect Bitcoin to return to this orbit. But I don’t know if it has hit rock bottom yet.

The great thing about Bitcoin is that it has something I’ve never seen before in almost any asset, especially commodities. Identifiable declining supply and low early days of adoption. And becoming a global digital collateral.

I guess it will go this way. Now there are bumps in the road, problems with the regulations. But one thing we’ve seen lately is that it’s starting to shine as indestructible.”

You can find the current market movements here.

source site-6