Mike McGlone, senior commodity strategist for Bloomberg Intelligence, explains why he believes Bitcoin is revolutionary, has begun to cement its standing as a digital model of gold and is turning into much less of a dangerous funding and extra of a method to decrease one’s danger in a portfolio — however why he doesn’t view it as a cost system. He describes how he expects the halving to have an effect on the value of Bitcoin, why the on-chain metrics vs. worth appear to him sturdy indicators of adoption and why he views Ethereum as “simply one other one of many 5,000 cryptos on the market.” Plus, he talks about why elevated utilization of stablecoins and central financial institution digital currencies will solely be bullish for Bitcoin.
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Mike McGlone: https://twitter.com/mikemcglone11
Bloomberg’s Crypto Publication: https://www.bloomberg.com/professional/crypto-newsletter/
January 2020 Crypto Outlook: https://data.bloomberglp.com/professional/sites/10/Bloomberg-Crypto-Outlook-January-2020-edition.pdf
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