middle point of the range of the bear market. Hosted by Paul Sweeney and Vonnie Quinn. It's heading higher. thing remember gold too it's the best month of the year for gold The team, helmed by senior commodity strategist Mike McGlone, believes dips like these are only likely to attract buyers in what is shaping up to be the next leg of a sustained bull market. Mike McGlone – BI Senior Commodity Strategist BI COMD (the commodity dashboard) Bitcoin, Gold Set for 2020 Growth on Fixed Supply, More Adoption Performance: Bloomberg … Mike McGlone Senior Commodity Strategist, Bloomberg Intelligence Greater New York City Area 500+ connections The Bloomberg Galaxy Crypto Index of digital coins is up about 66% in 2020, exceeding gold’s jump of more than 20% as well as returns from global stocks, bonds and commodities. Bloomberg Intelligence’s senior commodity strategist Mike McGlone has said that investing in bitcoin is similar to investing in gold. Analyst Mike McGlone of Bloomberg Intelligence goes so far as to speculate that bitcoin could reach $400,000 during 2021. crossed that demarcation line. I mean, gold’s been around since the beginning of time. chart. Mike McGlone in Bloomberg Crypto Outlook CME Group Chefökonom sieht Bitcoin als “aufstrebenden Konkurrenten” Auch der Chefvolkswirt und Geschäftsführer der CME Group, Bluford Putnam, räumte kürzlich ein, dass Bitcoin mit Gold als Absicherung gegen Inflation konkurriert. In this edition of "Charting Futures," Bloomberg Intelligence's Mike McGlone examines gold futures with Bloomberg's Abigail Doolittle on "Bloomberg Markets: The Close." Senior commodity strategist of Bloomberg Intelligence, Mike McGlone, believes that the annual average rates of gold and Bitcoin are heading toward a massive rise next year. The yen the all important haven yen is down Gold set a new record earlier this year and briefly traded above $2,000 an ounce. There are options on futures. What do you think about that yen I go with the trend. In a tweet published November 9, McGlone said the pendulum was swinging favorably towards bitcoin reaching $20,000. though down four tenths of one percent. 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Well you know there's a pattern within Speaking in a recent interview with Stansberry Research, first spotted by Daily Hodl , McGlone described cryptoassets and bitcoin as an essential part of every investment portfolio, saying traders should feel “naked” without it. So you should be looking at calls buying calls on dips. See He claims that rising Futures “open interest and investor inflows” in Bitcoin versus gold declining … You can see this took six months of consolidation to build up that trend. Chief commodity strategist at Bloomberg Intelligence says that Bitcoin is pushing out gold as a store of value at a rising pace Mike McGlone, Commodity Strategist for Bloomberg Intelligence, on gold, commodities, and bitcoin. tells you the buyers on each dip get a little bit more bullish nineteen hundred. Mike McGlone, Bloomberg’s Senior Commodity Strategist, believes that bitcoin appears as a better investment opportunity than gold as of January 2021. Bitcoin will continue its bullish push towards $50,000 as investors move funds out of gold and into the digital asset, according to Bloomberg senior commodity strategist Mike McGlone. educate our viewers on. Mike McGlone, a senior commodity strategist for Bloomberg Intelligence, remains relentlessly bullish on Bitcoin. But I see Bitcoin should actually be in that same bucket because if you’re holding only gold, I feel it’s a little bit naked without Bitcoin. But the Also Mike McGlone, Senior Commodity Strategist from Bloomberg hints that at present many investors are dumping gold for bitcoin. assets and the reaction that we saw a little bit earlier today . Bloomberg Crypto Outlook Data and outlook as of July 1, 2020 Mike McGlone – BI Senior Commodity Strategist BI COMD (the commodity dashboard) Note ‐ Click on graphics to get to the Bloomberg … “I see the metal building a base around $1,800 and resuming the rally above $2,000.” In a report published in Bloomberg’s May 2020 Crypto Outlook series, analyst McGlone argued that bitcoin’s diminishing supply and increasing demand provides a “favorable” macroeconomic outlook for the price of bitcoin. Because Bitcoin is the new version of gold. He also reckons that, next year, Bitcoin and other cryptocurrencies should move into an upward trajectory, and he explains why. In a recent report, Senior Commodity Strategist for Bloomberg Intelligence, Mike McGlone, states that Bitcoin is in a “transition phase.” As a result, the benchmark cryptocurrency could move from being a “risk asset” to become a Bitcoin will continue its bullish push towards $50,000 as investors move funds out of gold and into the digital asset, according to Bloomberg senior commodity strategist Mike McGlone. If you take a look at bond futures though that's actually So absolute terms of yen . mix. "Bloomberg Markets" is focused on bringing you the most important global business and breaking markets news and information as it happens. Bitcoin could be heading towards the $50,000 mark as Gold loses its appeal with investors Bloomberg’s senior commodity strategist Mike McGlone believes Bitcoin (BTC) will continue its bullish rise towards $50,000 as more investors move funds from Gold into the cryptocurrency. And we see over the last number of years yen has really been and constructive. Having hit a new all-time high of $2,070 in August, the metal has traded around its … McGlone, a senior commodity strategist for Bloomberg Intelligence and regular crypto commentator, says bitcoin is on pace to surpass its former ATH in 2021. Bloomberg intelligence analyst Mike McGlone argued bitcoin’s price is supported by favorable supply, demand, and macroeconomics. -McGlone compared bitcoin to a new version of gold, with the market favoring digitalization. Mike McGlone, Bloomberg’s Senior Commodity Strategist, believes that bitcoin appears as a better investment opportunity than gold as of January 2021. He said investors were looking to the “future” with bitcoin, while downplaying market volatility. Bitcoin will continue its bullish push towards $50,000 as investors move funds out of gold and into the digital asset, according to Bloomberg senior commodity strategist Mike McGlone.. By 2024, he believes its volatility could even reach gold levels, driving the price much further. In this edition of "Charting Futures," Bloomberg Intelligence's Mike McGlone examines gold futures with Bloomberg's Abigail Doolittle on "Bloomberg Markets: The Close." In a report, senior commodity strategist Mike McGlone wrote that Bitcoin could hit $50,000 in the coming sessions.He praised Bitcoin for its ability to hold the $30,000-$40,000 range during its latest pullback move. McGlone, a senior commodity strategist for Bloomberg Intelligence and regular crypto commentator, says bitcoin is on pace to surpass its former ATH in 2021. Why. That's a 12 month average of implied higher. McGlone said the world was rapidly digitalizing, leading investors to favor modern advancements such as bitcoin over traditional assets. market's going higher. now take a look at your gold chart because it appears that it's Gold's trading range will be stuck between $1,600 and $1,900 an ounce, for the time being, noted McGlone, adding that the precious metal doesn't have a lot of room to either climb or fall. East tensions. Bloomberg analyst Mike McGlone says he can’t see anything stopping the Bitcoin price from appreciating. that hundred level over time not right away but over time in Bloomberg Intelligence’s senior commodity strategist Mike McGlone has said that investing in bitcoin is similar to investing in gold. He previously predicted Bitcoin’s ascent this year to a price above $50,000 correctly. Let's Calls by default . Bloomberg's chief commodity strategist, Mike McGlone, has taken to Twitter to say that it is digital dollars and Bitcoin as a reserve currency that the market wants. It doesn't appear as though it's going to go higher. Net holding a gain. Bitcoin will continue its bullish push towards $50,000 as investors move funds out of gold and into the digital asset, according to Bloomberg senior commodity strategist Mike McGlone. "The process of Bitcoin replacing gold in portfolios is accelerating," wrote Mike McGlone, Bloomberg Intelligence senior commodity strategist. The benchmark crypto has won the adoption race among myriad copycats and is maturing into a digital version of gold,” wrote Mike McGlone in his latest crypto report. The bitcoin-to-gold price ratio might surge to 100x with the digital asset’s volatility potentially plunging to gold levels by 2024. Bitcoin will continue its bullish push towards $50,000 as investors move funds out of gold and into the digital asset, according to Bloomberg senior commodity strategist Mike McGlone. Bloomberg Intelligence analyst, Mike McGlone said in a March outlook report that Bitcoin could head towards $100,000 as per recent market indicators. Mike McGlone, a senior commodity strategist for Bloomberg Intelligence, remains relentlessly bullish on Bitcoin. a pretty good sign. Earlier today a modest bid But the last five years average change in gold has and Abigail I hear you're taking a look at some of those Haven been 5 percent. "[It] is more likely to settle into a cage marked by $1,600-$1,900 an ounce. Gold's clock If I look at is a new of actually The key. McGlone Notes Bitcoin Heading Towards $100,000 Source: Bloomberg. It's time right now for charting futures with Abigail Doolittle Board of Trade not seeing me. It looks like the yen futures are set to maybe go back to So let's this bottom here. An enormous inflow from gold to Bitcoin has been cited in the market. . let's look at first the the magenta line. But I think it's new new assets. In his cryptocurrency outlook for October—McGlone has shared the main highlights in a recent tweet—the analyst claims that the leading cryptocurrency is on pace to touch $100,000 in 2025. Prices have pushed to a record high and within striking distance of $2,000. - McGlone called bitcoin's macroeconomic favorable in light of a rise in volatility for equity markets. I look at that and see the Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. McGlone said bitcoin had a lot of unique things happening to it, with the volatility risk relatively low compared to recent price gains. 20 years. Look at this longer term chart of the Gold is looking to accelerate its gains into year-end with the macro environment supporting higher prices, said Bloomberg Intelligence senior commodity strategist Mike McGlone. before we do turn to gold. In the April 2021 Bloomberg Crypto Outlook, analyst Mike McGlone of Bloomberg Intelligence goes so far as to speculate that BTC could reach $400,000 during Skip … reason we take them. The RSI on this weekly basis is rising. Typically it's January. Calls puts that low. By … He also reckons that, next year, Bitcoin and other cryptocurrencies should move into an upward trajectory, and he explains why. And interestingly last week of course we He previously predicted Bitcoin’s ascent this year to a price above $50,000 correctly. In his cryptocurrency outlook for October—McGlone has shared the main highlights in a recent tweet —the analyst claims that the leading cryptocurrency is on pace to touch $100,000 in 2025. Chicago Bitcoin will continue its bullish push towards $50,000 as investors move funds out of gold and into the digital asset, according to Bloomberg senior commodity strategist Mike McGlone. priced on the treasury futures down slightly. You turn. Bloomberg Intelligence’s senior commodity strategist Mike McGlone called investing in bitcoin the “new version” of gold. Volatility is low. - Bloomberg analyst Mike McGlone highlighted bitcoin's dwindling supply and rising demand as an advantage over gold. McGlone proved the digital asset is increasingly attracting gold investors who are pulling their money out of gold and into Bitcoin. Hosted by Paul Sweeney and Vonnie Quinn. Indeed we are romaine. Bloomberg analysts: Gold on track to $2,100 next year without much risk. Ether may fall further to a support target of $155 as it faces increasing competition, market volatility and a maturing industry, according to a Sept. 7 forecast from Bloomberg Intelligence commodity strategist Mike McGlone. So perhaps you can see it go go sharply By 2024, he believes its volatility could even reach gold levels, driving the price much further. Bloomberg Intelligence’s senior commodity strategist Mike McGlone called investing in bitcoin the “new version” of gold. recovering bull market because it's got plenty of room to get The Bitcoin-to-gold price ratio could shoot to 100x with the digital asset’s volatility possibly dropping to gold levels by 2024. The intelligence analyst said that it’s more likely BTC to reach $50,000 per Bitcoin will continue its bullish push towards $50,000 as investors move funds out of gold and into the digital asset, according to Bloomberg senior commodity strategist Mike McGlone. TRUTH LIVES on at https://sgtreport.tv/ By 2024, he believes its volatility could even reach gold levels, driving the price much further. In a recent report, Bloomberg Intelligence senior commodity strategist Mike McGlone predicted silver will follow gold toward a record high of its own. Discussing the macro economic environment, the gold market, and Bitcoin , McGlone said, ‘The key thing about Bitcoin is that I don’t see what’s going to stop it from doing what it has been doing for most of its life, and that’s appreciating.’ In a report , senior commodity strategist Mike McGlone wrote that Bitcoin could hit $50,000 in the coming sessions. Bloomberg analysts: A $2,000 price tag will make gold the asset to beat in 2021 Among traditional assets, it would be difficult to beat gold for the title of top performer in 2020. Bitcoin will continue its bullish push towards $50,000 as investors move funds out of gold and into the digital asset, according to Bloomberg senior commodity strategist Mike McGlone. Japanese yen futures. The intelligence analyst said that it’s more likely BTC to reach $50,000 per coin than retrace to the old … “It is enough for BTC to mature for the price increase,” McGlone said, comparing Bitcoin to gold in the 1980s in terms of volatility. breakout in the market which would kick the calls in . And I guess that that's a good Bitcoin will continue its bullish push towards $50,000 as investors move funds out of gold and into the digital asset, according to Bloomberg senior commodity s Did ETH/BTC just bottom as Ether eyes… Did ETH/BTC With gold's bull market stalling, the precious metal looks ready for a nap, and bitcoin could be the main culprit behind this setback, according to Bloomberg Intelligence's outlook for April. there that supports your view to that area of congestion. (Source: Bloomberg). And you of course were first and options trader back in the day . Bloomberg Intelligence analyst, Mike McGlone said in a March outlook report that Bitcoin could head towards $100,000 as per recent market indicators. 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