Bloomberg Analyst Says Bitcoin’s Risk-To-Reward Tilting Bullish for Second Half of 2022
— Bitcoin ’, Investment advisor, Bloomberg showing, 2h .” mcglone likens, Similar, Daily, Current state, Selling, Daily hodl participates, Chart — 1 min read
Bloomberg's lead commodities strategist says the second half of this year could be Bitcoin’s time to shine. Mike McGlone likens the current state of the crypto market to the internet bubble of the early 2000s. The analyst says the Federal Reserve may end up having to turn dovish again in the face of a struggling stock market. He shares a chart from Bloomberg showing the S&P 500 potentially at a spot where reversals have historically taken place. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is an investment advisor. Opinions expressed in this article are not investment advice, and any loses you may incur are your responsibility. Please be advised that your transfers and trades are at your Source