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Bitcoin could still fall to US$10,000, Bloomberg analyst points out
Bloomberg Intelligence macroeconomic strategist Mike McGlone has raised concerns about the future of Bitcoin (BTC) price, suggesting that the cryptocurrency could still face a significant drop, possibly reaching the $10,000 mark.
In a recent article, McGlone pointed to a critical factor that is shaping his outlook. He noted that Bitcoin has experienced remarkable growth in an economic environment where interest rates have remained historically low or near zero. These low interest rates have encouraged investments in riskier assets, including cryptocurrencies.
#BTC
#Binance
Bitcoin could still fall to US$10,000, Bloomberg analyst points out
Bloomberg Intelligence macroeconomic strategist Mike McGlone has raised concerns about the future of Bitcoin (BTC) price, suggesting that the cryptocurrency could still face a significant drop, possibly reaching the $10,000 mark.
In a recent article, McGlone pointed to a critical factor that is shaping his outlook. He noted that Bitcoin has experienced remarkable growth in an economic environment where interest rates have remained historically low or near zero. These low interest rates have encouraged investments in riskier assets, including cryptocurrencies.
#BTC
#Binance