Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
In this regard, McGlone pointed out that the current scenario can motivate the FED not to enact further interest rate increases, which would provide better conditions for the Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and other assets see greater capital capital is most commonly defined as the large sum of money you would use to invest. flows in their respective markets.
- McGlone points out that current market an area or arena, online or offline, in which commercial dealings are conducted. conditions could be beneficial to Bitcoin and other assets.
- Argues that the FED may relax its economic measures after the recent 0.75% increase.
- For McGlone, the USD $20,000 at which he is quoted Bitcoin son el equivalente a los USD $5.000 que costó en 2018.
Senior Commodities Analyst and Strategist for Bloomberg, Mike McGlone, aseguró que la caída vista en el sector financiero podría constituir un escenario favorable para activos como Bitcoin, gold and US sovereign bonds.
McGlone proposes an optimistic scenario for Bitcoin
This was stated by McGlone in a series of messages published through his account an account is essentially a whose purpose is to track the financial activities of a specific asset/ of Twitter, in which the analyst explained why he believes that Bitcoin, gold and other assets could be headed back into an uptrend, despite the fact that the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market is particularly weak at the moment.
In this regard, McGlone commented:
“Too hot #Stocks (markets) vs. Bitcoin in the process of maturing? The first-half slump in risk assets is wiping out inflation a general increase in prices and fall in the purchasing value of money. at a breakneck pace, which may translate into a resurgence of pre-panic deflationary forces in the second half of the year. The main beneficiaries in this scenario may be gold, Bitcoin and long-term US Treasuries.”
Too Hot #Stocks vs. Maturing #Bitcoin ? Plunging risk assets in 1H are taking away inflation at a breakneck pace, which may translate into pre-pandemic deflationary forces resurfacing in 2H. Primary beneficiaries of this scenario may be gold, Bitcoin and US Treasury long-bonds. pic.twitter.com/k2Fhtmm2bl
– Mike McGlone (@mikemcglone11) June 20, 2022
Previously, McGlone pointed out that it is precisely the expected drops in the price of Bitcoin and other risky assets could be profitable in view of the prospect of the US Federal Reserve (FED) The U.S. Dollar could relax the measures it has been taking to combat the inflationary levels that are shaking the U.S. Dollar.
As for this, the analyst of Bloomberg he commented:
“Down over 10% on Saturday, Bitcoin points to a big week in the face of falling risk assets. The Fed’s 0.75% hike may be the last as deflation a decline in the general level of prices for goods and services in an economy. in risk assets makes the adjustment for them… aggressive rate hikes at the cost of falling stock market, global GDP and consumer confidence.”
Un Bitcoin much more mature
On the fall in the price of Bitcoin, McGlone has repeatedly spoken out on the matter, but among his most recent comments he postulates that the $20,000 mark for the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. could figure as the new $5,000 it once traded for and once stood at.
In a message published last Sunday, the analyst from Bloomberg he said:
“USD $20,000 for Bitcoin may be the new USD $5,000: The fundamental early-day case for Bitcoin’s global adoption versus declining supply may prevail, this as the price approaches very low levels. It makes sense that one of the best performing assets in history will see a drop in the first half of 2022.”
- Bloomberg expert Mike McGlone notes that Bitcoin trades at three times the volatility a statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index. of the Nasdaq
- Bloomberg analyst Mike McGlone says this is a very good opportunity to buy Bitcoin.
- “Capital managers without exposure to cryptocurrencies risk being left behind,” says Mike McGlone
Source: Daily Mail , Twitter
Version by Angel Di Matteo / DiarioBitcoin
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