Top Bloomberg Strategist Forecasts ‘Risk vs. Reward’ Reversal for Bitcoin and Crypto Markets
— Reversal, Assets, Risk, Hodl, Digital, Bitcoin, Forecasts, Markets, Strategist, Daily — 1 min read
Bloomberg analyst Mike McGlone is forecasting a risk vs reward reversal for Bitcoin (BTC) and the crypto markets. He says BTC could either be one of the strongest rising markets ever during the second half of the fiscal year or end up becoming a failing experiment. The Bloomberg Galaxy Crypto Index, which measures the performance of the largest digital assets traded in the US Dollar, is nearing similar levels as the 2018 BTC bottom. The analyst expects digital assets to eventually continue their ascent. Bitcoin is changing hands at $21,900 at time of writing, a 3.7% increase on the day. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is an investment advisor. Opinions are not investment advice. Source