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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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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Decoding Bitcoin’s 20% hashrate decline: Why are miners struggling?

Less efficient miners are beginning to leave the network. On-chain metrics flash a buy signal. The decline in Bitcoin’s [BTC] hashrate post-halving hinted at a potential miner capitulationThe post Decoding Bitcoin’s 20% hashrate decline: Why are miners struggling? appeared first on AMBCrypto.

This is what Bitcoin needs to sustain its ATH in 2024

Bitcoin needs the U.S. high yield rate to drop below 6% or 7% for a sustainable rally. Network activity is decreasing, and big investors are currently inactive. Bitcoin [BTC] is still over $The post This is what Bitcoin needs to sustain its ATH in 2024 appeared first on AMBCrypto.

Bitcoin 'starting to look scary bullish,' $90K not far away: Analyst

Bitcoin's rebound sparks debate among investors like Tapiero and Novogratz on future prospects. Uncertainties remain about Fed cuts and regulations. After bleeding in red for weeks, Bitcoin The post Bitcoin 'starting to look scary bullish,' $90K not far away: Analyst appeared first on AMBCrypto.

Bitcoin to stay within $55k-$75K - But for how long?

Bitcoin is predicted to stay within the $55K-$75K range. Mike Novogratz of Galaxy Digital suggested developments could significantly impact Bitcoin’s price. Bitcoin [BTC] has exhibited a nThe post Bitcoin to stay within $55k-$75K - But for how long? appeared first on AMBCrypto.

The big Bitcoin sell-off? Whales abandon ship as BTC halts at $62K

Bitcoin’s Accumulation Trend Score was at 0.021. This showed that large entities were distributing their holdings or not accumulating more coins. Bitcoin’s [BTC] Accumulation Trend ScoreThe post The big Bitcoin sell-off? Whales abandon ship as BTC halts at $62K appeared first on AMBCrypto.

Bitcoin ETFs see surging interest: Who's buying and who's selling?

U.S. spot Bitcoin ETFs see net inflows, signaling growing confidence. Hong Kong ETFs experience outflows, U.S. spot Bitcoin ETF trading volume declines globally. Today marks a significant moThe post Bitcoin ETFs see surging interest: Who's buying and who's selling? appeared first on AMBCrypto.

Bitcoin miners start to sell: Will BTC crash again, sooner than you think?

Bitcoin miners might sell as decreased mining rewards and transaction fees lower revenues. A potential sell-off by miners could dramatically impact the cryptocurrency market. Bitcoin [BTC] cThe post Bitcoin miners start to sell: Will BTC crash again, sooner than you think? appeared first on AMBCrypto.