The post Will Bitcoin Price Dip Below 10K? Bloomberg Analyst Predicts Economic Slowdown appeared first on Coinpedia Fintech News
Bloomberg analyst Mike McGlone has expressed concerns about the global economy, forecasting a severe economic slowdown akin to the Great Depression of 1929. McGlone’s assessment revolves around multiple factors. He draws parallels between the current economic climate and the onset of the Great Depression. As economies grapple with challenges like recessions, contraction projections, and ongoing geopolitical tensions, McGlone’s analysis suggests an impending global economic reset.
The analyst also delved into the topic of Bitcoin, stating, “The issue with Bitcoin is that it’s still in its infancy; it exhibits the highest volatility in the space. While I acknowledge the broader perspective and concur with the potential decline, envisioning it as a global digital gold, the present hitch is that it stands out as the best-performing asset in world history.
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