• Written by: Crypto Breaking News
• Sat, 02 Mar 2024
•   United Kingdom

Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, says bitcoin is “becoming an alternative currency on a global basis,” noting that “The world’s going towards intangible assets and bitcoin is the most significant in cryptos.” However, the strategist warned that as bitcoin’s price approaches $70,000, a key test for the cryptocurrency may come “when the U.S. [...]The post Bloomberg Strategist Sees Bitcoin as Global Alternative Currency Warns Stock Market Drawdown Could Impact BTC appeared first on Crypto Breaking News.

Bloomberg Strategist Sees Bitcoin as Global Alternative Currency Warns Stock Market Drawdown Could Impact BTC

Bloomberg Intelligences senior commodity strategist, Mike McGlone, says bitcoin is becoming an alternative currency on a global basis, noting that The worlds going towards intangible assets and bitcoin is the most significant in cryptos. However, the strategist warned that as bitcoins price approaches $70,000, a key test for the cryptocurrency may come when the U.S. [] Source: Bitcoin.com

The post Bloomberg Strategist Sees Bitcoin as Global Alternative Currency Warns Stock Market Drawdown Could Impact BTC appeared first on Crypto Breaking News.