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The Daily Hodl
2023-03-03 08:04:27

Bloomberg Strategist Mike McGlone Warns One Catalyst Could Drive Bitcoin (BTC) and Crypto Prices Down

Bloomberg Strategist Mike McGlone Warns One Catalyst Could Drive Bitcoin (BTC) and Crypto Prices Down

Bloomberg Intelligence senior macro strategist Mike McGlone says one catalyst could drive Bitcoin (BTC) to the downside. In a new crypto analysis, McGlone says if the Federal Reserve continues to raise interest rates to lower inflation despite the risk of a recession it could put downward pressure on risk assets like Bitcoin. “Fed tightening despite The post Bloomberg Strategist Mike McGlone Warns One Catalyst Could Drive Bitcoin (BTC) and Crypto Prices Down appeared first on The Daily Hodl .

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