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3232Bank of America Strategist Predicts Gold Could Reach $2,500 per Ounce in 2023
https://www.digit.info/bank-of-america-strategist-predicts-gold-could-reach-2500-per-ounce-in-2023/
Fri, 28 Apr 2023 10:30:08 +0000https://www.digit.info/2023/04/28/bank-of-america-strategist-predicts-gold-could-reach-2500-per-ounce-in-2023/Read more]]>A Bank of America (BOFA) commodity strategist has postulated that gold, should it continue to flourish in 2023, could pave the way for a climb to $2,500 per ounce. Presently priced at $1,983 per unit, the precious metal remains just shy of the $2,000 threshold. However, if it were to achieve the projected $2,500 target, […]
]]>Commodity Strategist Warns US Economy Heading Toward ‘Severe Deflationary Recession’
https://www.digit.info/commodity-strategist-warns-us-economy-heading-toward-severe-deflationary-recession/
Fri, 21 Apr 2023 01:15:02 +0000https://www.digit.info/2023/04/21/commodity-strategist-warns-us-economy-heading-toward-severe-deflationary-recession/Read more]]>Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, the Fed has already been easing, and they’re still vigilant against that,” he cautioned. Strategist […]
]]>Bitcoin Supercycle May Be Happening, Says Commodity Strategist Mike McGlone
https://www.digit.info/bitcoin-supercycle-may-be-happening-says-commodity-strategist-mike-mcglone/
Thu, 23 Mar 2023 05:05:03 +0000https://www.digit.info/2023/03/23/bitcoin-supercycle-may-be-happening-says-commodity-strategist-mike-mcglone/Read more]]>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, bitcoin’s volatility is more likely to recover compared to commodities when the crypto “heads toward […]
]]>Commodity Analyst Mike McGlone Suggests ‘Bitcoin Appears Poised to Resume Its Inclination to Outperform’
https://www.digit.info/commodity-analyst-mike-mcglone-suggests-bitcoin-appears-poised-to-resume-its-inclination-to-outperform/
Mon, 19 Dec 2022 21:30:13 +0000https://www.digit.info/2022/12/19/commodity-analyst-mike-mcglone-suggests-bitcoin-appears-poised-to-resume-its-inclination-to-outperform/Read more]]>Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a “warm spell” is coming in terms of bitcoin markets as the market strategist detailed on Monday that “bitcoin appears poised to resume its inclination to outperform.” McGlone’s comments follow his previous prediction that noted bitcoin and ethereum appear to have “completed the bulk of their drawdown.” […]
]]>Commodity Strategist Mike McGlone Says BTC, ETH Appear to Have ‘Completed the Bulk of Their Drawdown’
https://www.digit.info/commodity-strategist-mike-mcglone-says-btc-eth-appear-to-have-completed-the-bulk-of-their-drawdown/
Tue, 08 Nov 2022 23:00:44 +0000https://www.digit.info/2022/11/08/commodity-strategist-mike-mcglone-says-btc-eth-appear-to-have-completed-the-bulk-of-their-drawdown/Read more]]>Bloomberg Intelligence senior commodity analyst, Mike McGlone, recently wrote that “cryptos could regain [an] edge” when he discussed bitcoin and ethereum in a report published on Bloomberg’s terminal on Nov. 3, 2022. McGlone detailed that volatility in bitcoin and ethereum has dropped to low levels in comparison to traditional assets, and this trend could “tilt […]
]]>Investment Strategist Discusses Bitcoin ‘Entering Unstoppable Maturation Stage’ — Says Price Should Continue to Rise
https://www.digit.info/investment-strategist-discusses-bitcoin-entering-unstoppable-maturation-stage-says-price-should-continue-to-rise/
Sun, 23 Oct 2022 05:30:40 +0000https://www.digit.info/2022/10/23/investment-strategist-discusses-bitcoin-entering-unstoppable-maturation-stage-says-price-should-continue-to-rise/Read more]]>Bloomberg Intelligence’s senior commodity strategist says bitcoin “may be entering an inexorable phase of its migration into the mainstream.” In addition, the cryptocurrency may also “be entering unstoppable maturation stage,” the strategist added, expecting the price of bitcoin to continue to rise over time. Bitcoin’s ‘Unstoppable Maturation Stage’ Bloomberg Intelligence’s senior commodity strategist Mike McGlone […]
A Bank of America (BOFA) commodity strategist has postulated that gold, should it continue to flourish in 2023, could pave the way for a climb to $2,500 per ounce. Presently priced at $1,983 per unit, the precious metal remains just shy of the $2,000 threshold. However, if it were to achieve the projected $2,500 target, […]
Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, the Fed has already been easing, and they’re still vigilant against that,” he cautioned. Strategist […]
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, bitcoin’s volatility is more likely to recover compared to commodities when the crypto “heads toward […]
Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a “warm spell” is coming in terms of bitcoin markets as the market strategist detailed on Monday that “bitcoin appears poised to resume its inclination to outperform.” McGlone’s comments follow his previous prediction that noted bitcoin and ethereum appear to have “completed the bulk of their drawdown.” […]
Bloomberg Intelligence senior commodity analyst, Mike McGlone, recently wrote that “cryptos could regain [an] edge” when he discussed bitcoin and ethereum in a report published on Bloomberg’s terminal on Nov. 3, 2022. McGlone detailed that volatility in bitcoin and ethereum has dropped to low levels in comparison to traditional assets, and this trend could “tilt […]
Bloomberg Intelligence’s senior commodity strategist says bitcoin “may be entering an inexorable phase of its migration into the mainstream.” In addition, the cryptocurrency may also “be entering unstoppable maturation stage,” the strategist added, expecting the price of bitcoin to continue to rise over time. Bitcoin’s ‘Unstoppable Maturation Stage’ Bloomberg Intelligence’s senior commodity strategist Mike McGlone […]