In this interview, Bloomberg Intelligence’s Mike McGlone discusses Bitcoin’s outlook, warning of potential drops from $100,000 to $70,000 or $50,000.
McGlone favors gold over cryptocurrencies, especially if stock market volatility rises. He sees Trump’s proposed 25% tariffs on Canada and Mexico as a serious concern.
The analyst predicts declining energy and agriculture commodity prices while remaining bullish on gold versus both Bitcoin and equities.
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