Bloomberg analyst Mike McGlone believes that there is a common factor that will drive the growth of Bitcoin and gold.
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Mclone shared his views on Bitcoin and gold on Twitter.
https://twitter.com/mikemcglone11/status/1489682045261557760
Bloomberg analyst thinks that the current decline in stock markets may prevent the Fed from raising interest rates, and as a result, the demand for Bitcoin and gold will increase as people seek a safe haven.
According to McGlone, investors can see this as a portfolio diversification opportunity.
Goldman Sachs and Bank of America analysts, on the other hand, say that the fall in stock markets will not cause the Fed to step back from its plan to increase interest rates in March.
McGlone believes that Bitcoin and Ethereum (ETH) are still in the early adoption phase.
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