Bloomberg analyst Mike McGlone discusses the decline in Ethereum, examining potential reasons for its price drop and proposing a possible price target.
Top analyst Mike McGlone warns Bitcoin could crash to $10,000, citing past deep corrections.
Mike McGlone warns of Bitcoin's potential decline amid shifting investor preferences towards safer assets like gold. Increasing interest in gold indicates a trend that could impact Bitcoin's market dynamics.
Gold outperforms as Bitcoin faces potential 2024 crash, warns Bloomberg's Mike McGlone.
Bloomberg’s Mike McGlone dives into Bitcoin's role amidst 2.4 million altcoins. He also explores Dogecoin's potential, shedding light on its future possibilities in the vast crypto sea.
Bloomberg's Mike McGlone is optimistic about Bitcoin's future, seeing it as a key indicator by 2025, thanks to its standout performance and growing recognition.
In 2024, Bitcoin has outperformed traditional assets like crude oil, gold, and the S&P 500. Bloomberg's Chief Commodity Strategist, Mike McGlone, cites technological advancements, geopolitical tensions, and shifts in global commodity dynamics as reasons for Bitcoin's surge.
Bitcoin has recently outperformed crude oil according to Mike McGlone from Bloomberg Intelligence. Other assets have similarly surpassed this key commodity.
Bitcoin's recent surge is showing correlation with the S&P 500, potentially indicating a shift in market dynamics, says Bloomberg's Mike McGlone.
Gold prices are being driven higher by hedge funds, with analyst Mike McGlone predicting a $3,000 target due to geopolitical tensions.
Mike McGlone emphasizes hedge funds' influence in pushing gold toward $3,000 amid global market uncertainty, citing factors such as China's economic slowdown and Fed's policies.
Mike McGlone explains that Bitcoin has become a leading risk asset, but the $60k milestone remains elusive post-ETF launch. He suggests that the cryptocurrency might be leading the market downturn as well.
Bloomberg's Mike McGlone suggests that recession fears could push gold prices to $3,000 due to significant economic risks and increased stock market volatility.
Bloomberg analyst Mike McGlone forecasts Federal Reserve rate cuts as US equities reverse due to cooling inflation and a weakening labor market.
Bloomberg analyst Mike McGlone predicts the Federal Reserve will cut interest rates following a reversal in US equities.
Expert analysts downplay Bitcoin’s sub-30% correction, highlighting several positive factors, including recent CPI and inflation data showing a minor decrease.
Bloomberg's Mike McGlone analyzes the impact of a market bubble bursting on Bitcoin, predicting a potential downward correction due to risk-off sentiment.
Bloomberg intelligence strategist Mike McGlone examined Bitcoin's correlation with gold and the S&P 500, assessing the impact of potential SEC approval of spot Bitcoin ETFs on the crypto market.
Cryptocurrency market sees fluctuations; Bitcoin maintains over $60,000. Bloomberg strategist Mike McGlone identifies key trends, hinting at potential implications for BTC's future.
Bloomberg Intelligence's Mike McGlone sees Bitcoin's rise to $150,000 as improbable, citing macroeconomic factors and its potential performance in 2024.
Bloomberg Intelligence's Mike McGlone delivers a skeptical forecast, doubting that Bitcoin's value could reach $150,000 soon, given current macroeconomic trends and market weakness in comparison to the S&P 500 and gold. Despite this, Bitcoin ETFs and market dips are seen as potential long-term value opportunities.
Mike McGlone outlines reasons why Bitcoin may struggle to reach $150K, citing its underperformance against the S&P 500 and NASDAQ and emphasizing the need for it to excel in traditional markets.
