Mike McGlone shared his opinion on the current situation of the crypto market and noted that Bitcoin is ready to outperform soon.
In May 2022, the whole crypto industry started to face a significant downfall, after a slow stepwise correction in prices since late 2021. The last couple of months changed the whole situation of the crypto market in a bearish moment. Now Bitcoin is recovering slowly with a very small downfall and also with this fear index pointing toward a small number, which means fear is going away from the market with recovery.
On 29 July, Mike McGlone, commodity strategist at giant media Bloomberg, took to Twitter to share his analysis on Bitcoin, on behalf of the upcoming Fed meetings on interest hikes plans.
Through a tweet, Mike noted that Bitcoin may be in the initial phase of recovery. The current situation is much better for Bitcoin and it may further increase the tendency of Bitcoin to outperform.
-----Cryptonews AD----->>>
Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE
<<<-----Cryptonews AD-----
The commodity strategist explained:
“Federal Reserve Chairman Jerome Powell’s “meeting by meeting” comment may mark the pivot for Bitcoin to resume its tendency to outperform most assets. New and untested are becoming past tense fast for the benchmark crypto, likely in the early recovery days from a severe drawdown.”
Strategists noted that Bitcoin is unique in this race because its technology is unique with its limited supply and also it possesses a much better quality to come under a high rate of adoption. Mike also noted that Bitcoin may beat all other assets and asset classes in terms of performance.
Mike also pointed out that the next meeting on 21 September will also bring huge pressure on the economy and it will incline toward a high downturn because the Fed rate hike will only deflate commodities and the global economy will further tilt toward recession and in that situation, people will buy the best store of value based assets.
Read also: The current macroeconomic situation will push Bitcoin adoption, say Binance Exec
Commodity strategist says Bitcoin may outperform
https://bitcoinik.com/commodity-strategist-says-bitcoin-may-outperform/feed/
https://bitcoinik.com/commodity-strategist-says-bitcoin-may-outperform/feed/
ETH-ERC20 Mining and Financial Management
✅ Minimum Investment: 10 USDT.
✅ Minimum withdrawal: 1 USDT.
✅ Withdrawal time: 24h.
✅ Withdrawal day: Everyday.
✅ 5% cashback on first investment.
✅ daily profit 6-11.5% on your investment (Profit will be added every hour in your wallet).
✅ Get up to 10% referral Bonus.
The output of liquid mining is not constant and may be affected by the liquidity of the blockchain. The expected daily production income:
✅ VIP1: DEPOSIT 50~10000 USDT GET 2% EVERYDAY
✅ VIP2: DEPOSIT 10001~50000 USDT GET 2.5% EVERYDAY
✅ VIP3: DEPOSIT 50001~100000 USDT GET 3% EVERYDAY
✅ VIP4: DEPOSIT 100001~200000 USDT GET 4% EVERYDAY
✅ VIP5: DEPOSIT 200001~500000 USDT GET 5% EVERYDAY
✅ VIP6: DEPOSIT 500001~1000000 USDT GET 7% EVERYDAY
✅ VIP7: DEPOSIT OVER 1000001 USDT GET 8% EVERYDAY
📌 You must open wallet (Metamask, Tronlink e.t.c. ) and connect it, for earning income
▬▬▬▬▬▬▬▬▬▬▬▬▬▬
𝙍𝙀𝙂𝙄𝙎𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝙇𝙄𝙉𝙆👇🏽
https://eth-trc20.org/h5/#/?p=16327
▬▬▬▬▬▬▬▬▬▬▬▬▬▬
👇👇👇👇👇👇👇👇👇👇
Support Telegram Group: https://t.me/+TjCkS2KwKfQwZjM0
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
