🔥🔥🔥 IF THE BUBBLE BURST IN THE MARKETS, THE FUTURE OF BITCOIN IS UNCERTAIN‼️
➡️ Mike McGlone, one of Bloomberg's leading commodity analysts, stated that Bitcoin is among the assets that could take the biggest hit in a possible market bubble explosion. According to McGlone, Bitcoin's direction could be down in such a scenario.
➡️ McGlone also made important evaluations about the Bitcoin price. He stated that the Fed funding rate is approximately 2% above the Consumer Price Index, which is restrictive. However, he said rising fiscal deficits appear unstoppable and therefore gold could continue to rise against most commodities and stocks in the second quarter of the year.
➡️ Stating that Bitcoin, as a risky asset, was at the top of the annual performance report at the end of the first half, while the Bloomberg US Treasury 20+ total return index was at the bottom, McGlone pointed out that there may be some return in the second half. He added that if commodities follow a normal path towards low pricing and risky assets rise slightly, there could be a deflation trend following inflation reaching 2022 highs.
🔥 According to McGlone, in the event of a bubble burst in the markets, risky assets such as Bitcoin may be exposed to large fluctuations and investors should be prepared for this scenario❗️
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