One Looming Catalyst Could Trigger Bitcoin and Crypto Crash, Warns Bloomberg Analyst Mike McGlone

One Looming Catalyst Could Trigger Bitcoin and Crypto Crash, Warns Bloomberg Analyst Mike McGlone


The Daily Hodl
2023-05-05 16:55:36

Bloomberg Intelligence’s senior macro strategist Mike McGlone is wary of crypto assets amid a worsening economic climate. McGlone says in a new report that cryptos, outperforming other assets, could plummet if deflation sets in. According to the Bloomberg Intelligence senior macro strategist, deflationary risks are rising. “It’s been a year of rebounds for just about The post One Looming Catalyst Could Trigger Bitcoin and Crypto Crash, Warns Bloomberg Analyst Mike McGlone appeared first on The Daily Hodl .