Bitcoin Will Emerge Stronger After Stocks Dip '10-20%' u2014 Bloomberg Analyst


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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' u201cup onlyu201d narrative.McGlone: Bitcoin 'least risky' crypto betAs 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 all but guarantee an end to the limitless gains for stocks u2014 and crypto, naturally...