Bitcoin Supercycle May Be Happening, Says Commodity Strategist Mike McGlone – Markets and Prices Bitcoin News
Bitcoin कमोडिटी स्ट्रैटेजिस्ट माइक मैकग्लोन कहते हैं, बिटकॉइन सुपर साइकिल हो सकता है - बाजार और कीमतें 15 मिनट पहले बिटकॉइन एथेरियम समाचार 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, bitcoins volatility is more likely to recover compared to commodities when the crypto “heads toward new highs.” Bitcoins Supercycle Mike McGlone, a senior commodity strategist for Bloomberg Intelligence (BI), the research arm of Bloomberg, explained on Twitter Tuesday that a supercycle may be happening in bitcoin. He tweeted: Looking for a super cycle? Bitcoin outperforms commodities with declining risk — Bitcoin beating gold, the top-performing old-guard commodity in 2023 to March 20, by almost 10x may be indicative of a super cycle happening in the crypto. Chart showing bitcoins upward trajectory shared by Mike McGlone. Source: Bloomberg Intelligence The strategist explained that a benefit bitcoin (BTC) has over most commodities is its “nascent stage of low and rising adoption vs. diminishing supply.” Referencing the chart titled “Elongated Bitcoin Upward Trajectory Gaining Fuel,” shown above, McGlone noted that the elongated upward trajectory of BTC‘s price compared to