Today news
About the same in other media
Bitcoin likely to transition to a risk-off asset in H2 2022, says Bloomberg analyst
Reading now: 945
Bitcoin is likely to transition from a risk-on to a risk-off asset in the second half of 2022, as the macroeconomic environment is rapidly shifting towards a recession, said Mike McGlone, senior commodity strategist at Bloomberg, in a recent interview with Cointelegraph. McGlone predicted:
According to the analyst, the crypto market has flushed out most of the speculative excesses that marked 2021 and it is now ripe for a fresh rally. McGlone also pointed out that the Fed's aggressive hiking of interest rates will lead the global economy to a deflationary recession, which will ultimately favor Bitcoin:
Don't forget to check out the full interview on our YouTube channel and don't forget to subscribe!
Read more on cointelegraph.comAbout this in other media
Bitcoin Cash is up by 20% from its low on 19 August, thanks to… ambcrypto.com /2 years ago
Bitcoin whales attack sellers at $22.3K as euro drops below USD parity cointelegraph.com /2 years ago
SBI lost 40% of hash rate after stopping mining in Russia: Data cointelegraph.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Why Bitcoin [BTC] investors should consider taking a chill pill](https://fvbb.com/storage/thumbs_400/img/2022/8/11/36146_3uy2c.jpg)
