Bloomberg Strategist: Crypto's Real Recession Has Arrived, Predicts Massive Milestone
The crypto market could be facing its “first real recession,” and milestones similar to the invention of Bitcoin (BTC) cannot be ruled out, a well-known Bloomberg strategist has predicted. Writing on Twitter this weekend...
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Writing on Twitter this weekend, Bloomberg’s Senior Market Strategist Mike McGlone reminded his followers that the last major economic contraction in the US, the Global Financial Crisis of 2007-2008, led directly to the creation of Bitcoin....
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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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