News Snapshot:
Bitcoin will emerge stronger after stocks dip ’10-20%’ — Bloomberg analyst Bitcoin (BTC) will soon no longer be a risk asset and investors should brace for a fresh price correction, says one of Bloomberg’s best-known analysts. In an appearance on the Wolf of All Streets podcast on Jan. 18, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, sounded the alarm on global markets’ “up only” narrative. McGlone: Bitcoin ‘least risky’ crypto bet As Bitcoin struggles in 2022, those hoping for a dramatic return to form will be disappointed by McGlone’s mid-term forecast. The United States Federal Reserve, he says, will...
