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'Gold is not a store of value anymore' — Mike McGlone predicts a 2008-like setup

According to the Bloomberg Intelligence strategist, the oil shock and rising volatility across commodities and crypto may foreshadow a broader correction in equities.

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'Gold is not a store of value anymore' — Mike McGlone predicts a 2008-like setup

According to the Bloomberg Intelligence strategist, the oil shock and rising volatility across commodities and crypto may foreshadow a broader correction in equities.

Why this matters

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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