Bitcoin Will Outperform Other Assets When Economic Tide Turns: Bloomberg Intelligence

Https://cb.run/aNT7 Bitcoin Will Outperform Other Assets When Economic Tide Turns: Bloomberg IntelligenceMike McGlone – Senior Commodity Strategist at Bloomberg Intelligence – sees the top two cryptocurrencies outperforming other assets when the economy returns to bull territory.

The analyst said that Bitcoin, in particular, could be in its early stages of trading more like a safe haven asset, such as treasuries or gold.

Signs of a Bottom According to Bloomberg’s crypto outlook report released on Wednesday, the fact that commodities appear to have peaked may have implications that Bitcoin has reached its bottom.

“When the ebbing economic tide turns, we see the propensity resuming for Bitcoin, Ethereum, and the Bloomberg Galaxy Crypto...