Bloomberg Intelligence senior commodity analyst, Mike McGlone, recently wrote that “cryptos could regain [an] edge” when he discussed bitcoin and ethereum in a report published on Bloomberg’s terminal on Nov. 3, 2022. McGlone detailed that volatility in bitcoin and ethereum has dropped to low levels in comparison to traditional assets, and this trend could “tilt risks against those not accumulating partial crypto exposure.”
Mike McGlone Thinks Bitcoin and Ethereum May Have Bottomed, Says ‘Cryptos Could Regain an Edge’
According to Mike McGlone, Bloomberg Intelligence’s senior commodity strategist, the top leading crypto assets like bitcoin (BTC) and ethereum (ETH) may have found bottoms in terms of traditional risk investments. McGlone published his perspective of the crypto market on Nov. 3, 2022, and he noted that ethereum will likely stay within the $1K to $2K range but could outpace bitcoin’s market performance.
“Migration into the mainstream is our takeaway, an
We współpracy z: https://news.bitcoin.com/commodity-strategist-mike-mcglone-says-btc-eth-appear-to-have-completed-the-bulk-of-their-drawdown/
