CoinsValue.net logo CoinsValue.net logo
BitcoinSistemi 2026-07-13 20:04:08

Bloomberg Analyst Mike McGlone: “Bitcoin May Have Already Reached Its Highest Possible Point”

Bloomberg Intelligence Senior Commodities Strategist Mike McGlone stated that Bitcoin’s upside potential may have largely ended, and he sees a risk of a sharp drop towards the $10,000 level for BTC. McGlone argued that the period of massive monetary expansion in 2020 and 2021 may have represented “the best point Bitcoin could reach.” He noted that Bitcoin has been trading below its peak of approximately $69,000 recorded in 2021 since June 2nd, despite stock markets reaching record highs. The renowned strategist stated that he believes the period of strong price increases in Bitcoin has come to an end. McGlone noted that Bitcoin’s rise led to the emergence of millions of competing cryptocurrencies, and argued that the asset is becoming increasingly dependent on risk appetite in the stock markets. Related News: Unusual Comments from Fed Member Waller - Signaled a Rate Hike According to McGlone, Bitcoin’s 60-day correlation with the S&P 500 index, which was approximately -0.10 in 2019, approached 0.60 as of July 10th. This indicates a weakening of Bitcoin’s previously championed status as an independent and alternative store of value. McGlone, questioning how Bitcoin would react in the event of a limited pullback in high-risk assets like the S&P 500, said the price could tend to head towards the $10,000 level. McGlone, recalling that Bitcoin was initially seen as “digital gold,” argued that cryptocurrency has become one of the assets among tokens that can be produced in unlimited numbers over time. *This is not investment advice. Continue Reading: Bloomberg Analyst Mike McGlone: “Bitcoin May Have Already Reached Its Highest Possible Point”

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine