Mike Mcglone

Bitcoin price still on track to hit $100k by 2025 - Bloomberg's Mike McGlone

(Kitco News) - Once this bear market in risk assets subsides and valuations recover again, Bitcoin will outperform other asset classes, said Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence. Speaking to Michelle Makori, Editor-in-Chief and Lead Anchor of Kitco News, McGlone said that markets are about to witness a...
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Bitcoin Is at Inflection Point, Says Bloomberg Analyst Mike McGlone

In a recent tweet, Mike McGlone, senior commodity strategist for Bloomberg Intelligence, has opined that Bitcoin, the world’s largest cryptocurrency, is currently at an inflection point. Earlier today, the Bitcoin price dipped to $29,232, the lowest level since May 29. The flagship cryptocurrency is poised to finish yet another...
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Here’s How the Collapse of TerraUSD Will Impact Stablecoins, According to Bloomberg Strategist Mike McGlone

Senior Bloomberg analyst Mike McGlone says algorithmic stablecoins relying on market growth may be done for the foreseeable future. In a new interview with Cointelegraph, the commodities strategist says that the recent collapse of Terra (LUNA) and its stablecoin TerraUSD (UST) taught the crypto community a lesson on the dangers of algorithmic stablecoins and helped rid the market of surplus digital assets.

Bitcoin and Ethereum Primed To Rise to These Levels in 2022, According to Bloomberg Strategist Mike McGlone

Bloomberg’s senior commodity strategist thinks both Bitcoin (BTC) and Ethereum (ETH) are primed to surge in 2022 despite the crypto market’s recent struggles. In a new analysis, Mike McGlone says both BTC and ETH have solid bases to build on. He predicts they will remain dominant among cryptos in 2022, with Bitcoin moving toward $100,000 and Ethereum breaching $5,000.

Bitcoin and Ethereum In for Bullish 2022 As Money Managers Forced To Allocate to Crypto: Bloomberg’s Mike McGlone

Bloomberg’s head commodity strategist says the crypto markets look poised for a bullish 2022, with Bitcoin and Ethereum set to lead the charge. In the December edition of Bloomberg’s “Global Cryptocurrency Outlook,” Mike McGlone says that given crypto’s relative outperformance of other asset classes, many money managers may be forced to get involved.

Here’s One Advantage Crypto Has Over the Stock Market, According to Bloomberg Strategist Mike McGlone

Bloomberg Intelligence’s senior commodity strategist Mike McGlone says crypto may have one big advantage over the stock market. The closely followed strategist compares the S&P 500 to the MVIS CryptoCompare Digital Assets index which tracks the performance of the 10 largest and most liquid digital assets. According to McGlone, the ability of digital assets to shake out excess leverage from the system with sudden plunges and rebounds is one advantage crypto has over the equities market.

Gold Investors Are Moving to Bitcoin and Ethereum, According to Bloomberg Commodity Strategist Mike McGlone

Gold is experiencing outflows as investors embrace cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), according to Bloomberg commodity strategist Mike McGlone. McGlone says in a new Stansberry Research interview that investors are “giving up on gold” and instead taking positions in the two largest cryptocurrencies by market cap. “The...