News Snapshot:
Bitcoin (BTC) will soon no longer be a risky asset and investors should be prepared for another price correction, says one of Bloomberg’s top analysts. During an appearance on the Wolf of All Streets podcast on Jan. 18, Mike McGlone, senior commodities strategist at Bloomberg Intelligence, sounded the alarm on the “up only” narrative in global markets. McGlone: Bitcoin’s ‘least risky’ crypto bet As Bitcoin struggles in 2022, those hoping for a dramatic return to form will be disappointed by McGlone’s medium-term forecast. The U.S. Federal Reserve, he says, will virtually guarantee the end of unlimited gains for equities —...
