Bloomberg Strategist Sees Bitcoin as Global Alternative Currency — Warns Stock Market Drawdown Could Impact BTC

Bloomberg Intelligence’s elder commodity strategist, Mike McGlone, says bitcoin is “becoming an alternate currency connected a planetary basis,” noting that “The world’s going towards intangible assets and bitcoin is the astir important successful cryptos.” However, the strategist warned that arsenic bitcoin’s terms approaches $70,000, a cardinal trial for the cryptocurrency whitethorn travel “when the U.S. […]