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Bloomberg Galaxy Crypto Index

Commodity Strategist Mike McGlone Says BTC, ETH Appear to Have ‘Completed the Bulk of Their Drawdown’

Commodity Strategist Mike McGlone Says BTC, ETH Appear to Have ‘Completed the Bulk of Their Drawdown’Bloomberg Intelligence senior commodity analyst, Mike McGlone, recently wrote that “cryptos could regain [an] edge” when he discussed bitcoin and ethereum in a report published on Bloomberg’s terminal on Nov. 3, 2022. McGlone detailed that volatility in bitcoin and ethereum has dropped to low levels in comparison to traditional assets, and this trend could “tilt […]

BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

Mike McGlone Says Gold Price Is ‘Firming’ — Commodity Strategist Insists BTC, ETH Will ‘Outperform Most Major Assets’

Mike McGlone Says Gold Price Is ‘Firming’ — Commodity Strategist Insists BTC, ETH Will ‘Outperform Most Major Assets’Over the last two days, Bloomberg Intelligence commodity analyst Mike McGlone published the firm’s commodity and crypto outlook reports, and McGlone’s latest analysis details that the price of gold could resume its rally after a foundation similar to 1999 is constructed. Moreover, as far as bitcoin and ethereum are concerned, the analyst argues that the […]

BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

Top Bloomberg Strategist Forecasts ‘Risk vs. Reward’ Reversal for Bitcoin and Crypto Markets

Top Bloomberg Strategist Forecasts ‘Risk vs. Reward’ Reversal for Bitcoin and Crypto Markets

Senior Bloomberg analyst Mike McGlone is forecasting a risk vs reward reversal for Bitcoin (BTC) and the crypto markets. McGlone says BTC could either be one of the strongest rising markets ever during the second half of the fiscal year or end up becoming a failing experiment. “Bitcoin could be one of the greatest bull […]

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BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon