Mike McGlone: Bitcoin will win back losses within six months
Bloomberg strategist Mike McGlone is known for predicting the rise of bitcoin to $20,000 in the summer of 2020.
In the end, the expert was right. In December of the same year, the coin not only repeated the race three years ago, but also set a new record, exceeding $ 20,000.
This week, a Bloomberg strategist posted a post on Twitter saying that BTC will resume the offensive within the next six months.
We have reached the bottom as the Bloomberg Galaxy Crypto index has fallen to its lowest since 2018. Investors are again interested in risky assets. Not only the technology sector, but also the cryptosphere will benefit from such a situation, McGlone stressed.
In his opinion, BTC will be one of the main beneficiaries of the new bullish phase.
The analyst noted:
We tend to believe that bitcoin adoption will continue.
McGlone shares the point of view of those experts who associate today's market decline with the crisis of the early 2000s, as a result of which small companies Amazon and eBay have grown into giants of the industry.
https://coin-signal.com/technology/mike-mcglone-bitcoin-will-win-back-losses-within-six-months-2/
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