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Bloomberg Analyst Warns Crypto Faces a Lose-Lose Scenario
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Bitcoin and Crypto Face a “Lose Lose” Fed Trap as Stocks Reach Historic Extremes, Mike McGlone Warns
Bitcoin and Crypto Face a “Lose Lose” Fed Trap as Stocks Reach Historic Extremes, Mike McGlone Warns Key Takeaways Bloomberg Intelligence strategist Mike McGlone says crypto faces a "lose-lose" setup as the Federal Reserve tightens policy while US equity valuations remain near historic…
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Bloomberg Analyst Warns Crypto Faces a Lose-Lose Scenario
Mike McGlone stressed that, since 2017, crypto has been performing poorly with increasingly high volatility levels, and that the reason behind this behaviour could be linked to a hawkish turn by the Federal Reserve and an overstretched SPX index valuation. McGlone Warns About Crypto’s Demise As The Fed Turns Hawkish Mike McGlone, Senior Commodity Strategist […]
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