Bloomberg’s commodity strategist and analyst Mike McGlone continues his positive talk for Bitcoin (BTC).
Bitcoin, which has been moving in the crypto bear market for a long time, is welcomed by institutions. The fact that the BTC price is constantly moving downward or away from the rise does not scare the investors. In particular, the adoption of countries and the inclusion of institutions promises a future for BTC.
Bloomberg Analyst Continues Bitcoin Maximism
Especially on social media, a group of analysts regularly give BTC bullish signals. One of these analysts, Mike McGlone, shared his ideas about BTC in the past months. McGlone said last month that Bitcoin has bottomed out and that this is an opportunity. Referring to the Fed effect on the cryptocurrencies side, McGlone argued that BTC stands strong.
McGlone, speaking to the community again through social media these days, continued his Bitcoin maximism. In his post on Twitter, McGlone stated that Bitcoin is in an unstoppable maturity process. The analyst referred to the strength of BTC by quoting from the Bloomberg Intelligence report. In the report, where Fed interest rate hikes came to the fore, BTC gave more positive signals compared to other commodity products.
According to McGone, Bitcoin will continue to exist strongly in the future.
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