Alexsan
Senior strategist at Bloomberg Intelligence Mike McGlone stated that Bitcoin could drop to $50 000 due to a combination of macroeconomic factors.
He noted that the decline of Bitcoin against gold is accelerating, indicating a structural shift towards more defensive positions.
Against the backdrop of gold reaching historical highs and attracting flows, the weaker dynamics of Bitcoin amplify the downward inertia. This increases the likelihood of a retest of the long-term level $50 000 and potentially an even deeper decline if the trend continues. One of the key concerns is the low volatility of
View OriginalHe noted that the decline of Bitcoin against gold is accelerating, indicating a structural shift towards more defensive positions.
Against the backdrop of gold reaching historical highs and attracting flows, the weaker dynamics of Bitcoin amplify the downward inertia. This increases the likelihood of a retest of the long-term level $50 000 and potentially an even deeper decline if the trend continues. One of the key concerns is the low volatility of
