Bitcoin as an asset_By Bloomberg – AdLunam

AdLunam

Loading...

Welcome To

Bitcoin as an asset_By Bloomberg

This topic has 0 replies, 1 voice, and was last updated 2 years, 8 months ago by
JapLunam

Viewing 1 post (of 1 total)

Author

Posts
September 8, 2022 at 6:15 am

#1648

5

JapLunam

@japlunam

Participant

4,086 Lunam Points

Badges: Intermediate Getting there Veteran Lunam Mage Reach Bronze Rank Get Verified Reach Diamond Rank Reach Gold Rank Reach Silver Rank Reach Platinum Rank Beginner

Quests: Create 5 EnjinStarter Topics Reach 50 Comments Weekly Quests Daily Quests New Member! Reach 5 Topics Daily Login Change Cover Image New Picture Build my profile First Update! First Post Send a message

https://cointelegraph.com/news/bitcoin-is-a-wild-card-set-to-outperform-says-bloomberg-analyst (full article)

The commodity strategist has pegged Bitcoin to rebound strongly from the bear market despite headwinds for high-risk assets.
Bloomberg analyst Mike McGlone has labeled Bitcoin (BTC) a “wild card” which is “ripe” to outperform once traditional stocks finally bottom out.

In a Sept.7 post on Linkedin and Twitter, McGlone explained that while the United States (U.S.) Federal Reserve tightening will likely determine the direction of the stock market, Bitcoin remains a “wildcard” that could buck the trend, stating:

“Bitcoin is a wild card that’s more ripe to outperform when stocks bottom, but transitioning to be more like gold and bonds.”
Author

Posts

Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.

Log In

Username:

Password:

Keep me signed in

SIGN UP / SIGN IN USING X