Three Factors That Will Favor Bitcoin Vs Crude Oil This Decade: Bloomberg’s Chief Expert

Tue, May 24, 2022

Aliens TLDR

Chief commodity strategist of Bloomberg, Mike McGlone , has taken to Twitter to share his view on the trajectory of crude oil price versus that of Bitcoin, where the latter has been rising.

McGlone believes that Bitcoin is going to rise unlike crude oil thanks to three factors within this decade – adoption, supply and demand.

He believes Bitcoin may go down as much as to test the $8,000 bottom from the current price.

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