Bitcoin Likely to Shine vs. Crypto Gaggle in 2022: Bloomberg’s Mike McGlone

Bitcoin Likely to Shine vs. Crypto Gaggle in 2022: Bloomberg's Mike McGlone
Bitcoin Likely to Shine vs. Crypto Gaggle in 2022: Bloomberg's Mike McGlone
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Chief Bloomberg commodity strategist Mike McGlone has taken to his Twitter handle to praise Bitcoin and predict a bright future for it this year.

“Bitcoin set to shine vs. the crypto gaggle”

In his tweet, McGlone reminds the audience about the speculative inflationary excess of crypto assets last year, claiming that in 2022, the reversion in crypto prices is likely to spread around.

However, he is positive that Bitcoin is “set to shine versus the gaggle” of cryptocurrencies and stands to come out ahead.

Related

Bitcoin to Hit Between $50K and $100,000, Multiple Correlated Models Say: Perianne Boring

He also points out that, at the moment, Bitcoin is correlated with the S&P 500 Index 1:1.

In November last year, McGlone tweeted that Bitcoin was in for a bull market in early 2022 and would be clenched between $50,000 and the $100,000 resistance. He added that the bull market will be caused by growing demand and declining supply.

He also noted “some brilliance in design” of SHIB and Dogecoin; however, he reckons that Bitcoin will prevail.

Disclaimer: The opinions expressed by our writers are their
own and do not represent the views of U.Today. The financial and market information
provided on U.Today is intended for informational purposes only. U.Today is not
liable for any financial losses incurred while trading cryptocurrencies. Conduct
your own research by contacting financial experts before making any investment
decisions. We believe that all content is accurate as of the date of publication,
but certain offers mentioned may no longer be available.

Bitcoin Likely to Shine vs. Crypto Gaggle in 2022: Bloomberg’s Mike McGlone

Bitcoin Likely to Shine vs. Crypto Gaggle in 2022: Bloomberg's Mike McGlone
Bitcoin Likely to Shine vs. Crypto Gaggle in 2022: Bloomberg's Mike McGlone
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Chief Bloomberg commodity strategist Mike McGlone has taken to his Twitter handle to praise Bitcoin and predict a bright future for it this year.

“Bitcoin set to shine vs. the crypto gaggle”

In his tweet, McGlone reminds the audience about the speculative inflationary excess of crypto assets last year, claiming that in 2022, the reversion in crypto prices is likely to spread around.

However, he is positive that Bitcoin is “set to shine versus the gaggle” of cryptocurrencies and stands to come out ahead.

Related

Bitcoin to Hit Between $50K and $100,000, Multiple Correlated Models Say: Perianne Boring

He also points out that, at the moment, Bitcoin is correlated with the S&P 500 Index 1:1.

In November last year, McGlone tweeted that Bitcoin was in for a bull market in early 2022 and would be clenched between $50,000 and the $100,000 resistance. He added that the bull market will be caused by growing demand and declining supply.

He also noted “some brilliance in design” of SHIB and Dogecoin; however, he reckons that Bitcoin will prevail.

Disclaimer: The opinions expressed by our writers are their
own and do not represent the views of U.Today. The financial and market information
provided on U.Today is intended for informational purposes only. U.Today is not
liable for any financial losses incurred while trading cryptocurrencies. Conduct
your own research by contacting financial experts before making any investment
decisions. We believe that all content is accurate as of the date of publication,
but certain offers mentioned may no longer be available.

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