Mike McGlone, senior commodities strategist at Bloomberg Intelligence, has predicted the rise in the price of the first crypto in the near future. According to him, by the end of 2022, digital gold will outperform the competition.
According to a new Bloomberg Cryptos Outlook report, only commodities rose among major assets in the first half of the year. According to analysts, this is essential for Bitcoin.
In economic downturns, digital gold and Ethereum tend to outperform most major assets. McGlone called interest rate hikes by central banks a “strong tailwind.”
He has noted that October has been the best month for Bitcoin since 2014.
