#mcglone

[pavel-nosok]

Commodity guru warns ‘shades of 2008’ as recession crisis looms

Amid concerns about the looming global financial crisis, senior commodity strategist at Bloomberg Mike McGlone has repeated his warnings and pointed out the similarities between the current economic situation and that prior to the Great Recession in 2008. Specifically, McGlone said that the present economic situation showed “shades of 2008 but with more restraint and less inflation” than 15 years…

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[pavel-nosok]

Commodity expert warns Bitcoin may be in trouble; Here’s why

With the price of Bitcoin (BTC) demonstrating a largely sideways movement trend over the last seven days, senior commodity strategist at Bloomberg Mike McGlone has expressed concern over the flagship decentralized finance (DeFi) asset underperforming. Specifically, McGlone stated that Bitcoin seems alone under the radar of the United States regulatory crackdown, which means that it should be…

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[pavel-nosok]

Commodities expert predicts Bitcoin’s fate in H2 2023: Digital gold or volatile Nasdaq companion?

With Bitcoin (BTC) continuing to trend around the $31,000 area it reached following multiple spot Bitcoin exchange-traded fund (ETF) applications by renowned organizations, Bloomberg’s commodities expert has analyzed its possible fate in the second half of 2023. As it happens, Mike McGlone noted that the flagship decentralized finance (DeFi) asset’s gain of 84% in the first half of 2023 “was…

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[pavel-nosok]

Commodities expert warns spot ETFs ‘won’t shield Bitcoin’ from US recession

Although the wave of major asset managers and other institutions filing for a spot Bitcoin (BTC) exchange-traded fund (ETF) has sparked a surge of renewed optimism in the cryptocurrency industry, not everyone is certain that the bulls will retain dominance, particularly at the forefront of other impactful developments. Specifically, Bitcoin is facing its first recession and a potential equity…

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[pavel-nosok]

Commodities expert warns of ‘greatest economic reset in our lifetime’ incoming

Amid numerous warnings of an unfolding recession coming from multiple investors and market experts alike, some predictions are bleaker than others, including those from Bloomberg’s commodities expert Mike McGlone, who forecasts one of the worst economic resets in this generation’s lifetime. Specifically, McGlone said that the economic landscape, particularly in the United States, was at the…

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[pavel-nosok]

Expert warns of severe economic reset amid fastest PPI drop in 75 years

With the banking sector in crisis, the United States Federal Reserve raising interest rates to the highest levels in over two decades, and the producer price index (PPI) declining at the fastest rate in history, Bloomberg’s expert has warned it all may be leading toward a major economic reset in a year’s time. Indeed, Bloomberg’s senior commodity strategist Mike McGlone has issued a stark warning…

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