News Snapshot:
“# Bitcoin will emerge stronger after stocks dip ‘10%–20%’ — Bloomberg analyst ” 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 said, will all but guarantee an end to the limitless gains for stocks — and crypto, naturally correlated, will suffer too. “The number one theme...
