Bloomberg Intelligence

Mike McGlone — Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty

September 26, 2024 Bitcoin.com

Mike McGlone — Hedge Funds Push Gold Toward K Amid Global Market Uncertainty

bitcoin.com

In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal Reserve’s monetary policies, on the commodities market. Gold Eyes $3,000 Mark Amid Hedge Fund […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bloomberg’s Mike McGlone: Recession Fears Could Drive Gold to $3,000

August 9, 2024 Bitcoin.com

Bloomberg’s Mike McGlone: Recession Fears Could Drive Gold to ,000

2008 Crisis

In a recent interview with Kitco News, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, warned that the current economic situation might surpass the 2008 financial crisis in severity. Drawing comparisons to pre-2008 indicators, McGlone highlighted significant risks of increased stock market volatility and global recession, particularly emphasizing economic challenges in China. He suggested that […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Commodity Strategist Warns US Economy Heading Toward ‘Severe Deflationary Recession’

April 21, 2023 Bitcoin.com

bitcoin.com

Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, the Fed has already been easing, and they’re still vigilant against that,” he cautioned. Strategist […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitcoin Supercycle May Be Happening, Says Commodity Strategist Mike McGlone

March 23, 2023 Bitcoin.com

Bloomberg Intelligence senior commodity strategist Mike McGlone has explained that a supercycle may be happening in bitcoin, noting that the cryptocurrency is beating gold by almost 10 times so far this year. The strategist added that if past trends hold, bitcoin’s volatility is more likely to recover compared to commodities when the crypto “heads toward […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000

February 24, 2023 Bitcoin.com

Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above ,000

bear markets

This week, Bloomberg Intelligence senior macro strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a key ingredient to force the U.S. Federal Reserve to pivot its stance […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bloomberg Unveils Crypto Outlook – Highlights Explosive Polygon (MATIC) Adoption, Forecasts Ethereum Will Outperform Bitcoin

February 5, 2023 The Daily Hodl

Altcoins

Bloomberg Intelligence has released its official crypto outlook for the month of February, citing massive mainstream adoption of Polygon (MATIC) and forecasting the future of Ethereum’s performance relative to Bitcoin. The new report covers the rise of Polygon, which is a layer-2 network designed to power crypto projects and scale Ethereum transactions. “Of the entire […]

The post Bloomberg Unveils Crypto Outlook – Highlights Explosive Polygon (MATIC) Adoption, Forecasts Ethereum Will Outperform Bitcoin appeared first on The Daily Hodl.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Market Strategist Predicts Gold Will Be the Top Performer in 2023 Over Cryptocurrencies and Equities

February 5, 2023 Bitcoin.com

$9000 per coin

Gareth Soloway, president and chief market strategist at inthemoneystocks.com, predicts that gold will outperform cryptocurrencies and equity performances in 2023. In an interview published Thursday, Soloway emphasized his belief that “gold will be the best performer” this year and stated that the U.S. Federal Reserve will not cut rates until a “massively nasty recession” occurs. […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Commodity Analyst Mike McGlone Suggests ‘Bitcoin Appears Poised to Resume Its Inclination to Outperform’

December 19, 2022 Bitcoin.com

Bearish

Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a “warm spell” is coming in terms of bitcoin markets as the market strategist detailed on Monday that “bitcoin appears poised to resume its inclination to outperform.” McGlone’s comments follow his previous prediction that noted bitcoin and ethereum appear to have “completed the bulk of their drawdown.” […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

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

November 8, 2022 Bitcoin.com

Bearish

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 […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Investment Strategist Discusses Bitcoin ‘Entering Unstoppable Maturation Stage’ — Says Price Should Continue to Rise

October 23, 2022 Bitcoin.com

BI bitcoin

Bloomberg Intelligence’s senior commodity strategist says bitcoin “may be entering an inexorable phase of its migration into the mainstream.” In addition, the cryptocurrency may also “be entering unstoppable maturation stage,” the strategist added, expecting the price of bitcoin to continue to rise over time. Bitcoin’s ‘Unstoppable Maturation Stage’ Bloomberg Intelligence’s senior commodity strategist Mike McGlone […]

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