Bitcoin will trade like gold or treasury bonds in the future, Bloomberg strategist predicts

2023-4-7 00:30

Senior macro strategist at Bloomberg Intelligence believes that the Bitcoin network has never been more secure than it is now. McGlone predicts that the cryptocurrency will eventually trade morThe post Bitcoin will trade like gold or treasury bonds in the future, Bloomberg strategist predicts appeared first on AMBCrypto.

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strategist bloomberg predicts bitcoin trade future gold

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Bitcoin Hangs By A Thread As Stock Market Indices Signal Weakness; Asserts Bloomberg Senior Strategist

Bitcoin, the largest cryptocurrency by market cap is likely going to keep getting battered if the stock market declines according to Bloomberg’s Mike McGlone. Bitcoin To De-peg From Stock Indexes, Just Not Yet Referring to an Op-Ed he published earlier last week, McGlone, who is a senior commodity strategist at Bloomberg Intelligence pegs Bitcoin’s recent […]

2022-4-18 14:58


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Bitcoin And Ethereum Solid Bases Set Them Up For $100,000 And $5,000 Targets Before Year-End — Bloomberg Analysis

Bitcoin and Ethereum’s date with the $100,000 and $5,000 price levels respectively is still well on the course according to Bloomberg’s Mike McGlone. According to a recent report by the senior commodity strategist at the media powerhouse, Bitcoin and Ethereum are poised to rally later in the year despite the year starting on a slightly […]

2022-1-9 22:06


Ethereum Is Whimpering — But Bloomberg Senior Strategist Says Bulls Are Gunning For $5,000

Ethereum slumped below $4,000 earlier yesterday amid market-wide pullback as long-term holders took profits, but a confluence of wildly-bullish factors suggests the bulls are about to roar. Ether Primed For A Surge To $5K Mike McGlone, a senior commodity analyst at Bloomberg Intelligence, harbors the opinion that Ethereum is right in the middle of the […]

2021-10-28 13:35


Wall Street Strategist Puts Bitcoin As High As $168,000 By Year-End

Co-founder of Fundstrat and Wall Street Strategist Tom Lee has revealed his expectations for bitcoin before the year runs out. According to a Bloomberg report, Lee revealed that he had high expectations for the digital asset, which he believes would hit the $100,000 mark by the end of the year, and added that the asset could go as high as $168,000 before the year runs out.

2021-10-20 02:00


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Senior Commodity Strategist at Bloomberg Calls $100,000 BTC and $5,000 ETH the “Path of Least Resistance”

Mike McGlone, the senior commodity strategist at Bloomberg, argues that digital assets are poised to record new all-time highs now that they have survived the fierce market correction. In the September edition of Bloomberg Crypto Outlook, a monthly report on technical analysis, data, and insight on the crypto market, McGlone doubles down on his propitious […]

2021-9-7 20:18


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$100k Bitcoin Is Right Around The Corner, Bloomberg’s Senior Strategist Reckons

“This year is prime for Bitcoin to take the next step in its price-discovery stage and we see a refreshed bull market,” wrote strategist Mike McGlone in Bloomberg’s August crypto outlook. This is a sentiment that many Bitcoin proponents share and have continued to hold onto despite the market woes. Bitcoin creates $30k base; $100,000 […]

2021-8-9 19:27


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Bloomberg Strategist On Why $100k BTC Price In 2021 Is Meager By Bitcoin Standards

Market conditions in 2021 are perfect for bitcoin to reach and surpass the $100,000 price level according to senior Commodity analyst at Bloomberg Intelligence Mike McGlone. McGlone, who has recently been predicting (on a consistent basis) a positive outlook for bitcoin and the entire crypto market said that key factors that support this analysis include last year’s […]

2021-6-17 16:07


Bloomberg Commodity Strategist Mike McGlone Believes Bitcoin Will Surge To $40k

After exploring the likelihood of capitulation in a recent tweet, Bloomberg Intelligence senior commodity strategist Mike McGlone feels bitcoin is “more likely” headed for $40K rather than $20K. El Savador Bitcoin Adoption Will Propel Bitcoin Following El Salvador’s announcement that bitcoin (BTC) is now legal cash in the country, bitcoin markets have increased on Wednesday. […]

2021-6-10 02:55


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Ethereum’s Potential to Surpass Bitcoin in Market Cap Escalates: Bloomberg Strategist

Bloomberg commodity strategist Mike McGlone has talked up Ethereum via social media, claiming that the digital asset is to Fintech what Bitcoin is to gold. By definition, Fintech refers to any platform on which technology is used to automate financial transactions and, as McGlone would have it, Ethereum is superior to Bitcoin in such regard. […]

2021-5-29 21:05


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Bloomberg Statistics: Institutions Prefer Bitcoin to Gold ETFs

There is a sharp uptick in the number of investors opting for Bitcoin over gold, data from Bloomberg Intelligence reveals. Bitcoin replacing the Old Guard A snapshot shared by Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence, on Mar 8 points to convincing statistics showing an accelerated influx to Bitcoin in recent month. TheRead More

2021-3-10 20:00


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Bitcoin price prediction: THIS points to $225k for BTC soon

Mapping Bitcoin's price prediction as BTC breaks out of a six-month consolidation. This bull run's price discovery phase could push BTC beyond $200k. Bitcoin [BTC] set a new all-time high atThe post Bitcoin price prediction: THIS points to $225k for BTC soon appeared first on AMBCrypto.

Bitcoin's 'high-risk, high-reward' phase: Should traders jump in now?

BTC' bull run is fueled by a favorable political climate, keeping BTC strong in the $74K-$75K range.  However, caution remains, suggesting a potential pullback ahead. The long-awaited electThe post Bitcoin's 'high-risk, high-reward' phase: Should traders jump in now? appeared first on AMBCrypto.

Breaking down Bitcoin's week as 'Trump Trade' frenzy lifts crypto

BTC’s 8% election pump outperformed U.S. stocks.  Whale entities trimmed exposure despite the post-election bullish expectation.  Bitcoin [BTC] surged nearly 8% to a new all-time high (AThe post Breaking down Bitcoin's week as 'Trump Trade' frenzy lifts crypto appeared first on AMBCrypto.

Bitcoin: How Donald Trump's 11 crypto promises can shape BTC's future

As Trump won the U.S. presidential elections, Bitcoin soared more than 7.7%. The crypto community is waiting to see if Trump can fulfil his promises. The United States, an economic powerhousThe post Bitcoin: How Donald Trump's 11 crypto promises can shape BTC's future appeared first on AMBCrypto.

Bitcoin ETFs could 'maybe triple gold ETFs,' explains analyst - How?

ETF analyst expects Bitcoin ETFs to surpass gold ETFs in upcoming years. BTC ETFs see outflows for the third consecutive day. In a recent interview with Natalie Brunell, Eric Balchunas, seniThe post Bitcoin ETFs could 'maybe triple gold ETFs,' explains analyst - How? appeared first on AMBCrypto.