Bloomberg Intelligence's senior commodity strategist Mike McGlone shares his doubts about the Federal Reserve's potential easing.
McGlone's Position and Fed's Potential Actions
Mike McGlone pointed out the rising interest in cryptocurrencies, commodities, and stocks, along with sticky inflation and low unemployment. This backdrop, he suggests, may complicate the Fed's monetary policy, especially if the market uptick continues.
Robert Kiyosaki's View on Bitcoin
Robert Kiyosaki, author of 'Rich Dad Poor Dad,' forecasts a significant drop in all major assets, including Bitcoin. However, he noted that should the market drop, he plans to buy more Bitcoin, viewing it as a resilient long-term asset.
Current Market Situation
Recent market fluctuations have seen Bitcoin suddenly drop sharply on the hourly chart, losing nearly 1% after a 2.58% rise in the past 24 hours. At the time of writing, BTC is trading at $98,590 per coin.
In a climate of heightened uncertainty in financial markets, experts like Mike McGlone and Robert Kiyosaki share their forecasts, presenting various scenarios for future developments.
