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The Daily Hodl
2023-01-20 21:00:18

Bitcoin (BTC) Recovery Unlikely To Be Easy, Warns Bloomberg Strategist Mike McGlone – Here’s Why

Bitcoin (BTC) Recovery Unlikely To Be Easy, Warns Bloomberg Strategist Mike McGlone – Here’s Why

Bloomberg Intelligence senior macro strategist Mike McGlone says Bitcoin’s (BTC) road to recovery comes with big challenges. McGlone tells his 54,400 Twitter followers that Bitcoin may be forming a bottom similar to 2018, but he warns the macroeconomic conditions are now less favorable than they were back then. “Bitcoin’s roughly 80% drawdown to the 2022 The post Bitcoin (BTC) Recovery Unlikely To Be Easy, Warns Bloomberg Strategist Mike McGlone – Here’s Why appeared first on The Daily Hodl .

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