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Gold’s devaluation will foster the $50,000 Bitcoin rally: Bloomberg’s Mike McGlone

zycrypto.com
 2021-02-04

Cover picture for the articleAn enormous inflow from gold to Bitcoin has been cited in the market. Bloomberg’s Mike McGlone, the Senior Commodity Strategist bared this out in a newly published analysis. In it, he says Bitcoin is in its “price discovery stage.” Bitcoin’s threshold to gold could surge 100x, bumping it to $50,000 sooner than later.

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