Can Bitcoin Become “Best Asset On Earth”? Expert Bets On It - BitcoinEthereumNews.com
BitcoinCan Bitcoin Become “Best Asset On Earth”？ Expert Bets On It06 / 04 / 2022ข่าว Bitcoin Ethereum The best risk-on asset in the past decade, Bitcoin, is in a process of transition. Senior Commodity Strategist for Bloomberg Intelligence, Mike McGlone, said in a recent interview with Kitco News “On The Spot”. การอ่านที่เกี่ยวข้อง | Arthur Hayes กล่าวว่า Ethereum (ETH) สามารถไปถึงระดับ 10 ดอลลาร์ได้ภายในสิ้นปีนี้ This process is painful as crypto investors can confirm but could take the benchmark crypto to new highs. In the past 6 months, the price of Bitcoin dropped from an all-time high of $69,000 to its current levels of around $30,000. In the short term, the pain has been more pronounced with Bitcoin recording 9 consecutive weeks in the red. McGlone believes the cryptocurrency and other risk-on assets are responding to the current macro-economic outlook. The crypto market has experienced some of the best performance in global markets. The rally in the nascent asset class usually corresponds to 4 years cycles with parabolic bull runs followed by multi-year bear markets. Many in the sector believe cryptocurrencies entered their bear phase or the “Crypto Winter”. The losses have been compounded by two factors: the begining of economic tightening measures by the U.S. Federal Reserve, and the