Bitcoin, Ethereum and Solana To Resume Uptrend by the End of the Year, Says Bloomberg Analyst – Here’s Why

Bitcoin, Ethereum and Solana To Resume Uptrend by the End of the Year, Says Bloomberg Analyst – Here’s Why


Bloomberg Intelligence analyst Mike McGlone says that the blue-chip crypto assets are set to outperform other commodities by the end of the year.

In a new interview on the Scott Melker podcast, McGlone says that leading digital assets Bitcoin (BTC), top smart contract platform Ethereum (ETH), and ETH competitor Solana (SOL) will resume their uptrend once the US stock market dips further.

He says a more dramatic correction in the equities market will force the Fed to change their tune on monetary tightening, which will then trigger bull runs in risk-on assets like cryptocurrencies.

Trending: Have You Heard Of A “Warrant Canary”? TruthSocial Has One, Twitter and Facebook Do Not…

“Right now, I see cryptos as basically a pawn in the ebbing tide. The Fed will keep jawboning, until the stock market – that’s the number one indicator, until [the stock

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend