Gold surpassing Bitcoin’s returns this year is “unlikely,” says Mike McGlone, while former BitMEX CEO Arthur Hayes predicts seismic changes for both assets in the coming years.
Bitcoin “may be primed” for a quantum leap in its development thanks to inflation this year, a Bloomberg analyst has claimed.In a tweet on March 17, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, released a fresh bullish take on Bitcoin’s (BTC) future under the current macro conditions.Gold beating Bitcoin is “unlikely” this yearWell known for his belief in Bitcoin coming from the latest global financial turmoil out on top, McGlone argued that inflation would ultimately help Bitcoin’s “maturation” as an asset class, claiming it would even beat gold in terms of returns.“Facing the Federal Reserve, inflation and war, 2022 may be primed for risk-asset reversion and mark another milestone in Bitcoin’s matura
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