The Daily Hodl
2023-02-13 20:55:04

Bloomberg Analyst Issues Warning, Says Bitcoin Facing Massive Threat From Rate Hikes and Recession

Bloomberg Intelligence senior macro strategist Mike McGlone is warning Bitcoin (BTC) traders to avoid fighting the U.S. Federal Reserve. McGlone warns his 54,500 Twitter followers that BTC is still facing major headwinds in Q1 of 2023, primarily the Fed and its agenda for taming inflation. The analyst shows a chart depicting Bitcoin’s correlation with the Federal The post Bloomberg Analyst Issues Warning, Says Bitcoin Facing Massive Threat From Rate Hikes and Recession appeared first on The Daily Hodl .

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