Bitcoin May Get Major Impulse from This Factor: Bloomberg’s Mike McGlone

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Here’s what may enhance Bitcoin price now: chief Bloomberg strategist mikemcglone11. $BTC $gold

“This may enhance store-of-value assets”

Mike McGlone took to Twitter on February 4 to share his view regarding an opportunity for a possible rise of store-of-value assets in the near future. He mentioned not only Bitcoin but gold as well. McGlone reckons that while the current decline of the stock market might prevent the Federal Reserve from raising rates, it can also fuel the growth of Bitcoin and gold, which are both safe haven assets.

 

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