America's Social Casino

BitcoinSistemi 2025-04-25 22:03:07

Bloomberg Analyst Mike McGlone Warns About Bitcoin and Cryptocurrencies

Bloomberg Analyst Mike McGlone Warns About Bitcoin and Cryptocurrencies

Bloomberg’s senior commodity strategist Mike McGlone made some striking assessments by comparing Bitcoin’s current market outlook with the past. McGlone referred to his wrong prediction in 2018, stating that he predicted that Bitcoin could lose one zero at that time, but this prediction did not come true. In his post titled “Bitcoin 2018 vs. 2025”, McGlone emphasized that cryptocurrency technology and adoption were still in the early stages in 2018, and the situation is very different today. McGlone said, “Crypto speculation now resembles the internet bubble of 1999. The market value/GDP ratio of the US stock market is at its highest levels in the last century worldwide.” Related News: BREAKING: A Corporation Announces It May Acquire $1 Billion Worth of This Surprise Altcoin Expressing concern about deflationary effects, McGlone suggested that one of Bitcoin's “famous comebacks” could lead to a sharp correction in the market. He stated that it is possible for cryptocurrencies to experience a collapse in 2025, like the US stock market in 1929, Japan in 1989 and the internet bubble in 2000. In this case, he stated that deflationary effects could be in favor of gold and US Treasury bonds. He also said that the crypto market has been almost flat for the last seven years, indicating the burden of unlimited supply, volatility and speculation on new technology. *This is not investment advice. Continue Reading: Bloomberg Analyst Mike McGlone Warns About Bitcoin and Cryptocurrencies

가장 많이 읽은 뉴스

Elon Musk’s AI Under Fire After Grok Chatbot...
2025-05-16
Webull Pay Joins Forces With Leading US-Based...
2025-05-16
Nasdaq-Listed Healthcare Company Aims to Acqu...
2025-05-16
Trump’s Crypto Project Pushes Back on Senate...
2025-05-16
Basel Medical Group Explores $1 Billion Bitco...
2025-05-16
Crypto Assets Surge as Global Leaders Prepare...
2025-05-16
Basel Medical shares down 15% on $1B Bitcoin...
2025-05-16
Stablecoins Go Mainstream: 9 in 10 Financial...
2025-05-16

관련뉴스

Analysis Company Reveals: “This Signal Could Indic...
16 May 2025
Bitcoin and US stock market tick higher as S&P 500...
16 May 2025
US Fed Chair Jerome Powell Warns About Future Infl...
16 May 2025
CFTC commissioner to leave agency on May 31
16 May 2025
Analyst Says XRP Is Screaming Bullish, Sets Price...
16 May 2025
Basel Medical Group Considers $1 Billion Bitcoin I...
16 May 2025

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.