Bitcoin may Outperform Every Asset in Bull-Market: Bloomberg Intelligence
Senior Commodity Strategist at Bloomberg Intelligence Mike McGlone published a new report on Wednesday predicting that Bitcoin could outperform other assets during the next bull run. McGlone stated that Bitcoin is in its early stages of trading and could be considered a safe haven asset, similar to gold and treasury bonds. “When the ebbing economic tide turns, we see the propensity resuming for Bitcoin, Ethereum, and the Bloomberg Galaxy Crypto Index to outperform most major assets,” predicts McGlone. He published the report in the October 2022 edition of Transition Vs The Ebbing Tide. Also Read: South Korea May Invalidate Do Kwon’s Passport In 14 Days McGlone believes that BTC could perform well this month as historically the king crypto has rallied in October. “Since 2014, October has been the best month for Bitcoin, averaging gains of about 20%,” he wrote. However, the markets are already into the first week of October and BTC has failed to rally. BTC is ho...