McGlone predicts Bitcoin at $100k amid economic hurdles
Bloomberg Intelligence’s senior macro strategist, Mike McGlone, remains optimistic about Bitcoin’s long-term prospects, maintaining his forecast of a $100,000 price. Senior macro strategist at Bloomberg Intelligence, Mike McGlone, remains firmly rooted in his earlier prediction of Bitcoin (BTC) achieving a six-figure price. However, he acknowledges potential significant challenges on the road to this goal. In a recent conversation with Scott Melker, a well-known crypto influencer, McGlone reiterated his belief in the long-term value proposition of Bitcoin. He even suggested a potential retreat to prices below $20,000 before a steady climb to the $100,000 threshold. Is The Dollar Dead? Macro Outlook For USD With Frances Coppola & Anna Wong | Macro Monday https://t.co/aASUaerkQo — The Wolf Of All Streets (@scottmelker) July 17, 2023 McGlone offered a snapshot of his financial outlook, pointing to significant yields of over 5% from Treasury bills and ongoing mo...