Mike McGlone

Bloomberg Intelligence’s senior macro strategist, Mike McGlone, has issued a warning regarding Bitcoin’s (CRYPTO: BTC) rally, suggesting that the king cryptocurrency may be nearing a peak and could see a market correction. What Happened: During an interview with crypto influencer Scott...

Bloomberg macro strategist Mike McGlone recently shared his insights on the potential repercussions for Bitcoin (CRYPTO: BTC) amid the reversing zero interest rate policies. What Happened: In a post on X last Thursday, McGlone discussed the cryptocurrency's current standing...

Bloomberg Intelligence’s Mike McGlone likened Bitcoin (CRYPTO: BTC) to a teenager who has grown up on a high-sugar diet of extraordinarily low-interest rates and is now facing challenges amid changing economic conditions. “Bitcoin typically outperforms when the liquidity pump is on, and...

Mike McGlone, Bloomberg's macro strategist, says that Bitcoin (CRYPTO: BTC) is displaying bearish indicators despite other high-risk assets' upward movement. What Happened: In an interview with Kitco News last week, McGlone said that an "economic reset" will likely...

Bloomberg analyst Mike McGlone drew parallels between Bitcoin's (CRYPTO: BTC) current trajectory and the stock market crash of 1930. In a series of tweets, McGlone highlighted the similarities between the two, suggesting that Bitcoin's performance might be echoing the patterns of one of the...

Mike McGlone, a macro strategist at Bloomberg Intelligence has indicated that the era of substantial Bitcoin (CRYPTO: BTC) price pumps might be drawing to a close. Pointing to the convergence of Bitcoin's volatility in comparison to gold, McGlone's analysis offers insights into the...

Bloomberg’s macro strategist Mike McGlone says Bitcoin (CRYPTO: BTC) will likely face a big test in the second half of 2023. In a tweet on Thursday, McGlone said that, after a strong performance in the first half of the year, BTC will likely have to endure...

Bloomberg’s macro strategist Mike McGlone says that he believes incoming recessionary pressures could cause Bitcoin (CRYPTO: BTC) to retest the $20,000 level. In a tweet on Friday, McGlone warned that Bitcoin’s recent rally above $31,000 is running against a...

Bloomberg’s macro strategist Mike McGlone says that the worst may not be over for Bitcoin (CRYPTO: BTC), predicting a liquidity crunch in the second half of 2023 due to an expected U.S. recession. In a report titled "Still, Don't Fight the Fed" that was ...

Bloomberg’s macro strategist Mike McGlone is warning about Bitcoin (CRYPTO: BTC) and other crypto assets.  During an episode of Blockwork Macro's "On the Margin" this week, McGlone said that he sees the stock market falling off a...

Commodity strategist Mike McGlone  has analyzed the market and suggested that crypto could be “facing their first real recession.”  What Happened: In a recent assessment posted on Twitter, McGlone said that the digital asset market was undergoing its first macroeconomic...

Bloomberg's lead commodity strategist Mike McGlone recently said that Bitcoin (CRYPTO: BTC) will outshine the most famous precious metal.    According to McGlone, Bitcoin is four times more volatile than gold and could be transitioning to a higher-beta version of the yellow metal...

Bitcoin (CRYPTO: BTC) might serve as an “early warning alarm” for the rest of the market, according to Bloomberg strategist Mike McGlone. What Happened: In a recent Crypto Outlook report from Bloomberg Intelligence, McGlone said that Bitcoin could provide a reasonable...

Cryptocurrency Bitcoin (CRYPTO: BTC) plunged to $17,708.62 on Saturday, and began retracing its way back to $20,000 on Sunday. BTC rose by 4.20% in 24 hours and was trading at $19,807 at the time of publication.  Even as Bitcoin drops to levels not seen since December 2020, some...

Bloomberg senior commodity strategist Mike McGlone has recently opined that Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) will lead to the most crypto gains after the recent price dip.  In an interview, McGlone said that the Federal Reserve’s interest rate hikes are more...