Bloomberg's Mike McGlone Predicts Bitcoin Decline

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. McGlone's Bearish Bitcoin Forecast
  2. Robert Kiyosaki Advocates for Bitcoin Investment
  3. Conclusion


    4. Mike McGlone from Bloomberg and Robert Kiyosaki have shared their views on Bitcoin's future and the global economy, highlighting their differing perspectives.

    McGlone's Bearish Bitcoin Forecast

    Mike McGlone, Bloomberg's senior commodity strategist, has issued a bearish forecast for Bitcoin. In the current situation, Bitcoin has been correlated with the Asian stock market. McGlone shared a chart illustrating that Bitcoin is moving in tandem with the Hang Seng Index. He believes the bottoms of this index and Bitcoin may be found lower than current levels, forecasting continued downside before they reach their nadirs.

    Bitcoin, Hang Seng Bottoms May Be Lower - Similar patterns in #Bitcoin and the Hang Seng Index could suggest further downside reversion before reaching nadirs.Mike McGlone

    Robert Kiyosaki Advocates for Bitcoin Investment

    Prominent financial expert and author of 'Rich Dad Poor Dad,' Robert Kiyosaki, endorsed Bitcoin in a recent tweet. Kiyosaki stressed the continuous increase of the U.S. national debt, which has been growing by $1 trillion every 100 days. He also pointed out that the interest on this debt is currently the country's biggest expense — over $1 trillion per year. 'The dollar is trash,' Kiyosaki tweeted, 'stop saving dollars... start saving Bitcoin... real money.' He also believes that alongside Bitcoin, it is worth adding gold and silver to one's portfolio, as all three are safe haven assets that can help survive hyperinflation.

    Conclusion

    The perspectives of Mike McGlone and Robert Kiyosaki highlight different aspects of the economic situation and Bitcoin's future. While McGlone predicts a decline, Kiyosaki sees Bitcoin and other assets as a refuge from economic turmoil. Both experts offer important insights for analyzing the cryptocurrency market and the global economy.

    The views of Mike McGlone and Robert Kiyosaki on Bitcoin underscore the diversity of expert opinions. Monitoring their perspectives can provide a better understanding of market processes.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Cardano's Stablecoin Market Surpasses 702 Million

As of October 18, Cardano's stablecoin market has reached a notable milestone, with the total supply of dollar-pegged tokens hitting approximately 702 million.

user avatarFilippo Romano

Aptos Reports Token Burn and Staking Emissions

Aptos has burned approximately 174,570 APT in the last 30 days while issuing around 15 million APT through staking.

user avatarEmily Carter

Cross River Bank Integrates Ripple's RLUSD Stablecoin for Enhanced Payment Solutions

Cross River Bank integrates Ripple's RLUSD stablecoin to enhance payment solutions for fintech customers.

user avatarTomas Novak

Stocklinked Tokens in DeFi Surge to $2.624 Billion

Stocklinked tokens in decentralized finance reached approximately $2.624 billion by the end of September 2026, marking an 18-fold increase from the beginning of the year.

user avatarKaterina Papadopoulou

Fidelity's Assessment Highlights Solana's Improved Reliability

Fidelity's assessment indicates Solana has operated for over two years without major outages, achieving a 99.7% vote success rate, but warns of concerns regarding validator concentration.

user avatarMaya Lundqvist

BitTorrent Unveils New Whitepaper and Brand Upgrade for Web3 and AI

In October 2023, BitTorrent unveiled a comprehensive brand upgrade and a new whitepaper outlining a tripartite architecture for decentralized content distribution and compute, aiming to enhance operational efficiency for Web3 and AI applications.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.