Bitcoin and Ethereum Will Outperform Stocks As Risk Asset Prices Crash, Says Bloomberg Strategist – Here?...

Bitcoin and Ethereum Will Outperform Stocks As Risk Asset Prices Crash, Says Bloomberg Strategist – Here?...

Bloomberg Intelligence analyst Mike McGlone says it’s the top two cryptocurrencies by market cap that will lead to the most gains after the recent price dip that affected all asset classes. In a new interview with Yahoo Finance, McGlone pinpoints the Federal Reserve’s interest rate hikes as being more detrimental to the US stock market long term than proven digital assets like Bitcoin (BTC) and Ethereum (ETH). “The key thing to remember if the stock market keeps going down, which is likely because the Fed needs it to go down and reduce inflation, Bitcoin and Ethereum will go down, but they’ll come out ahead. Overall, the volatility of these nascent crypto assets, most notably Bitcoin, has continued to decline versus the stock market. That’s what happened with Amazon when it …
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