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McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Bitcoin

Bullish On Bitcoin, It’s Trading At A Discount – Bloomberg Intelligence

September 11, 2022 - Updated on April 11, 2023

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\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Bitcoin

Bullish On Bitcoin, It’s Trading At A Discount – Bloomberg Intelligence

September 11, 2022 - Updated on April 11, 2023

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August 15, 2024

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\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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Bullish On Bitcoin, It’s Trading At A Discount – Bloomberg Intelligence

September 11, 2022 - Updated on April 11, 2023

Artificial Intelligence

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August 15, 2024

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\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Bitcoin

Bullish On Bitcoin, It’s Trading At A Discount – Bloomberg Intelligence

September 11, 2022 - Updated on April 11, 2023

Artificial Intelligence

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November 24, 2024

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August 15, 2024

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\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Bitcoin

Bullish On Bitcoin, It’s Trading At A Discount – Bloomberg Intelligence

September 11, 2022 - Updated on April 11, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Banking

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November 24, 2024

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November 24, 2024

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August 15, 2024

Subscribe To Our Newsletter

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ADVERTISEMENT

\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Bitcoin

Bullish On Bitcoin, It’s Trading At A Discount – Bloomberg Intelligence

September 11, 2022 - Updated on April 11, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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August 15, 2024

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\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Bitcoin

Bullish On Bitcoin, It’s Trading At A Discount – Bloomberg Intelligence

September 11, 2022 - Updated on April 11, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Bloomberg

Bitcoin

Bullish On Bitcoin, It’s Trading At A Discount – Bloomberg Intelligence

Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns ...

by The Distributed Team
September 11, 2022

Most Read

Bitcoin

Bullish On Bitcoin, It’s Trading At A Discount – Bloomberg Intelligence

September 11, 2022 - Updated on April 11, 2023

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December 19, 2024

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November 24, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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